As the world’s biggest crypto ecommerce platform, we will continue to support the tools that you use. Our customers have been demanding stablecoins acceptance, and USDT is now ready to use.
Tether eases the friction in lending, trading and arbitrage
We are happy to announce the addition of the most popular stablecoin in the space, USD Tether (over ERC-20 for now, others soon™) which will enhance the power of our users to live on crypto, hedge their Bitcoin holdings, and spend their trading gains enjoying the thousands of gift cards and mobile refills we offer worldwide.
A crypto dollar like Tether has some of the benefits of a public blockchain cryptocurrency, while not suffering from as much volatility. For traders and people who earn Bitcoin, or those who live on crypto, currencies like Tether are often used to protect against this uncertainty.
Also stablecoin loans (bitcoin backed) are getting very popular, as a way of avoiding to sell bitcoin when you are in need, or betting on its future appreciation.
Accepting Tether makes turning those gains or loans into real-world products and services from Bitrefill a seamless experience, especially when the exchange or wallet has a Bitrefill integration built-in like Bitfinex, Edge Wallet or Bitpie.
Cyber dollars for all
Another reason many of our users prefer a fiat payment option is that they are intimidated or confused by pricing in Sats, or using Sats as a unit of account. They are much less familiar with using Bitcoin as opposed to using a globally established currency like the Dollar.
An additional perk is the fact that it gives people in developing economies, with weaker national currencies, a way to get USD exposure without subjecting them to the many barriers to inclusion present in the legacy financial system.
More to come! we are planing to roll out USDT acceptance over platforms cheaper to transact in, plus other major stablecoins. Stay tuned!
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