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Author Topic: USDT vs Bitcoin  (Read 2075 times)

Offline Aanuoluwatofunmi

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Re: USDT vs Bitcoin
« Reply #15 on: June 07, 2024, 08:10:58 PM »
I think OP is the one who is not more exposed on these two for him to have thought of creating a new thread just to talked about the comparing stablecoin to bitcoin, this is what i believe that an average user should know that one is stable and the other is volatile, the stable one is pegged to USD value or rate and the other is a decentralized digital currency, which anyone can easily make use for the internet for in making more research and learnings about the two.
you tok well. As for me the way I even say USDT and USD dem just dey like one. Because in the centralized exchanges wen we want to know di naira price in dollar we normally use USDT to check the dollar price in naira. And you can see the two arrows from the image.
So I don't even see any different because we calculate naira from USDT to USD.

That's true, USDT is the exact measure to the value of USD because its such a stablecoin pegged on the United State Dollar and those that will like to engage on their local p2p will prefer converting to this standard rate first before selling in other to have the accuracy of the exchange rate they are buying or selling from, the two are mostly used together with bitcoin which is the most preferred currency now trending.

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Re: USDT vs Bitcoin
« Reply #15 on: June 07, 2024, 08:10:58 PM »

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