Bitusd is backed by bitshares, which is platform created by @dan
Tether is like moveable usd. You want the power of usd without being told/wait to use the usd. Crypto that= $1.
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Bitusd is backed by bitshares, which is platform created by @dan
Tether is like moveable usd. You want the power of usd without being told/wait to use the usd. Crypto that= $1.
Thank you for clarifying @sames!
What kind of 'wait' is there in case of USD?
If you want to sell in USD and withdraw you have to verify it and let it go back to bank account which can take time. Then you use that USD to buy more crypto. tether is a USD peg crypto. It acts like crypto but appears to equal to one dollar. It more of a trader tool no more
Oh, understood.
The trader will however have to incur that waiting period only when they finally withdraw their money invested in crypto, right?
Oh, understood.
The trader will however have to incur that waiting period only when they finally withdraw their money invested in crypto, right?