Tether (USDT) is a cryptocurrency pegged to the US dollar. It is possible to trade Tether (USDT) with Ethereum (ETH) in Paribu.
What is Tether (USDT)?
Tether (USDT) is a stable cryptocurrency whose value is pegged 1:1 to the US Dollar. In other words, the stable coin Tether is a cryptocurrency pegged to the US dollar and backed by 100% Tether’s reserve. The Hong Kong-registered company, which also owns the cryptocurrency exchange BitFinex, is owned by a company, Finex.
In fact, Tether (USDT) was launched in July 2014 under the name “Real Coin”. However, it chose to be rebranded as Tether in November 2014 and started to be “traded” in February 2015. Initially, Tether (USDT) was based on the Bitcoin (BTC) blockchain. However, it later started to support Ethereum, TRON, EOS, Algorand, Solana, OMG Network and Bitcoin Cash blockchains in addition to Bitcoin’s (BTC) Omni and Liquid protocols. Moreover, Tether (USDT) stands out as the third largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH).
How Tether (USDT) Works
To buy Tether, or USDT, an investor sells fiat currency and deposits that fiat currency in Tether’s reserve. Tether, on the other hand, gives the corresponding amount to the user as a digital token (USDT). That is, if the investor deposits $10 in Tether reserve, he receives 10 Tether tokens (USDT) in return.
How to trade ETH with USDT in Paribu?
When users want to protect their money against the fluctuations in the cryptocurrency market, they turn to the stable Tether (USDT). In addition, Tether (USDT) offers investors the opportunity to buy and sell easily in the cryptocurrency market. Because almost all cryptocurrencies can be bought and sold with USDT. Moreover, it is very easy to convert fiat currencies to Tether (USDT).
Paribu, which was opened in 2017 and became the market leader in a short time, has continued its efforts to be the source of accurate information and to prevent information pollution in the crypto money market. Users can perform their transactions in Paribu easily and in a short time. It is also possible to trade Tether (USDT) with Ethereum (ETH) in Paribu.
Steps to follow to trade Tether (USDT) with Ethereum (ETH);
- Login to Paribu account.
- Click on Market.
- USDT is selected from the top line.
- From the screen that opens, click on the Ethereum option.
For the purchase process; By selecting “Limit”, “Market” or “Condition” on the screen that opens, USDT and ETH sales transactions are carried out.
