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People trade derivative coins such as USDC, USDT and BUSD that pair with coins such as BTC or ETH. These are basically stable coins that track the USD. Therefor
by phist_mcgee 5y ago
People trade derivative coins such as USDC, USDT and BUSD that pair with coins such as BTC or ETH. These are basically stable coins that track the USD. Therefore trades are nearly instant. Withdrawing USD from the platform involves selling your derivate coins for fiat.
- overtonwhy 5y agoDerivative coins that might not be so stable after all... https://coingeek.com/tether-reaches-new-lows-in-quest-to-avoid-being-audited/ https://coingeek.com/tether-reaches-new-lows-in-quest-to-avo...