How to Convert QTUM to USDT
As cryptocurrency has become more popular as an investment, the need has increased for secure modes of converting between tokens. If you have bought QTUM as an investment but you are worried about market volatility, you might be considering converting it to a stablecoin like USDT until the markets calm down.
You might think that you need to find an individual willing to directly exchange their USDT for your QTUM tokens, hopefully at a good rate. However, the advent of exchanges like Rubix takes that time-consuming process away and gives you an easy, secure way to convert your QTUM to USDT. Sign up for Rubix today to trade these and more cryptocurrency tokens.
About QTUM & USDT
What is Qtum?
QTUM is a cryptocurrency that was designed with the intent of combining the smart contract functionality of Ethereum with Bitcoin’s high-security unspent transaction output (UTXO) model. The goal was to build a model that could be used effectively within large organizations. After the platform’s founding in 2016 by Patrick Dai, Jordan Earls, and Neil Mahl, its initial coin offering took place in March 2017.
As of late 2021, QTUM had a market cap of $1.4 billion, giving it a rank of top 100 among currently listed cryptocurrencies.
What is Tether?
Tether, known by the tag of USDT, is a cryptocurrency token issued mainly on the Ethereum and Bitcoin blockchains and was originally backed entirely by the USD. It is a stablecoin, with the value pegged 1:1 to USD price. In 2019, Tether was involved in some controversy around just how much USD it was holding in reserve. To maintain their reputation, the founders announced that Tether would now be backed by other assets, including traditional currency and cash equivalents and occasionally other assets and receivables from loans made by Tether to third parties.
Tether was originally known as “Realcoin” and was developed by Brock Pierce, Craig Sellars and Reeve Collins. The original Realcoin was one of the first cryptocurrencies to be backed up by real-world assets, making it one of the first stablecoins.
Convert QTUM to USDT using Rubix
With the trading tools built in Rubix that enable direct trading from your account, it is easy to add your QTUM tokens and exchange them for stablecoins like USDT. But Rubix is not just for simple conversions such as from QTUM to USDT. The platform gives you access to hundreds of other cryptocurrencies, with more being added all of the time. This allows effortless trading and Rubix makes it easy to manage your cryptocurrency assets. You can also use Rubix to sell your QTUM and USDT tokens for fiat currencies and withdraw the funds to your bank account.
Send funds to friends and family, pay for products and services or invest in crypto tokens for future profit. Furthermore, with its industry-leading technology, you do not have to worry about safety and security when you use Rubix.