How to Convert TUSD to USDT
Converting TUSD from USDT is simple and easy on most cryptocurrency exchanges. The most straightforward way to convert both coins is finding exchanges like Rubix that offer TUSD/USDT pairs and direct conversion on their converter page. The following steps will help with the conversion:
1. Select the cryptocurrency pair, TUSD to USDT in this case.
2. Enter the amount of TUSD you want to convert on the left.
3. Review the conversion rates and the total of TUSD you will receive.
4. Confirm the transaction.
About TUSD & USDT
What is TrueUSD?
TrueUSD was created by the TrustToken platform as a dollar-backed stablecoin to counter the crypto assets’ risks, volatility, and instability after the 2017/2018 crypto market crash. TUSD prioritizes legal protection against misappropriation. TUSD is based on the TrustToken platform that holds USD money in third-party escrow accounts and was designed for reliability and simplicity. This Ethereum-based ERC-20 coin is pegged to the US Dollar at a ratio of 1:1. The asset allows real-time auditing and unique transparency characteristics, making it a popular payment method among many merchants.
Here are the key properties and benefits traders get from TrueUSD:
– Legal protection: Token holders enjoy regular attestations and legal protection provided via escrow accounts.
– TUSD remains redeemable for USD: Token holders can easily convert their TUSD into US dollars.
– Trustworthy Fund Management: The TUSD system uses escrow accounts to enhance data security during transactions.
– Fully collateral: TUSD is fully collateralized by the US dollar.
What is Tether?
Tether (USDT) is another stable coin pegged on the USD. As a result, it has a 1:1 relationship with actual dollars in financial institutions, so you can expect Tether to remain stable, unlike popular cryptocurrencies. As a result, USDT has become popular among investors looking for a less volatile asset in the cryptocurrency markets. Crypto exchange BitFinex developed this stablecoin that trades under the USDT symbol to stabilize cryptocurrency valuations. Tether belongs to the fiat-collateralized stablecoins backed by fiat currencies such as the US dollar. Tether bridges the gap between cryptocurrencies and fiat currencies by offering stability.
Convert TUSD to USDT using Rubix
You can convert TUSD to USDT right from your Rubix account. Trading tools built in Rubix allow you to convert TUSD to USDT within moments. Rubix uses a user-friendly interface that makes it easy for anyone to buy, sell and trade cryptocurrencies. Begin to trade on a secure platform if you already have a user account with Rubix. Head straight to the cryptocurrency conversion section and choose the TUSD/USDT pair. Ensure you have enough TUSD in your wallet to trade. Rubix conveniently provides a simple way to convert your asset from one stablecoin to another super-fast. Rubix supports not just the TUSD/USDT pair; you can find various currencies as well.