How to Convert ATOM to USDT
With the ever-growing number of available cryptocurrencies, it is becoming ever more important to have a safe, easy and reliable method of converting between different tokens. Instead of having to search for someone who wants to buy your ATOM for their USDT directly, why not use a secure, reliable and easy-to-use exchange app like Rubix?
About ATOM & USDT
What is Cosmos?
Unlike conventional cryptocurrencies, which operate on single blockchains, Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate. The Cosmos team has a goal that they describe as: “to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way.” Cosmos is what is known as a Proof-of-Stake chain. This means that ATOM holders can earn more ATOM tokens as a reward when they stake their tokens to maintain the network.
Cosmos is currently undergoing rapid growth, adding to its over 260 apps all of the time. The network also had over $115 billion in digital assets under management. To connect, Cosmos apps and services use IBC (Inter-Blockchain Communication protocol). The aim of this is to enable users to exchange assets and data freely across sovereign, decentralized blockchains.
What is Tether?
Tether is a stablecoin issued mainly on the Ethereum blockchain that was originally backed entirely by the USD. However, in 2019 Tether was wrapped up in some controversy that resulted in an announcement that it would now be backed by other assets. These include traditional currency and cash equivalents and occasionally other assets and receivables from loans made by Tether to third parties.
Tether tokens were developed by Brock Pierce, Craig Sellars and Reeve Collins and were originally known as “Realcoin”. Tether was one of the first cryptocurrencies to be pegged to a real-world asset, making its creators pioneers in the stablecoin concept.
Convert ATOM to USDT using Rubix
With the trading tools built into the Rubix app that enables direct trading from your account, it is a straightforward task to acquire ATOM. As well as supporting ATOM to USDT conversions, the platform gives you access to dozens of other cryptocurrencies, allowing effortless trading. Rubix makes it easy to manage your cryptocurrency assets, and you can also sell your ATOM and USDT tokens directly and move funds directly using your credit or debit card.
So whether sending funds to friends and family, paying for products and services or investing for profit, Rubix is the exchange to choose.