Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
To buy Tether using FNCY, first, find a cryptocurrency exchange that supports the USDT/FNCY trading pair, such as MEXC Global. Create an account, verify your identity, and deposit your FNCY into your exchange wallet. Locate the USDT/FNCY pair on the trading platform and place an order to exchange your FNCY for Tether. If the USDT/FNCY pair is unavailable, you can first exchange FNCY for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Tether. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Tether for FNCY, first, find a cryptocurrency exchange that supports the USDT/FNCY trading pair, such as MEXC Global. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the USDT/FNCY pair on the trading platform and place a sell order to exchange your Tether for FNCY. If the USDT/FNCY pair is unavailable, you can first sell Tether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for FNCY. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by William Parvez
A post by William Parvez