Tether is a stablecoin with different channels. which is backed by a reserve asset of USD which 1 USDT is equivalent to 1 USD. It was launched 6 years ago to foster the use of fiat currency in the blockchain ecosystem and crypto market. If you want to sell USDT for USD, here are the two mainstreams that you have to know – Over-the-counter market and P2P platform.
According to Investopia, Over-the-counter (OTC) is a decentralized market that differs from the auction market system. You can directly trade stocks, commodities, currencies, etc. that without any centralized system. Two parties can deal with the sell and buy price which could make the maximum profit. Also, OTC market does not have a lot of regulations so you can get into the market easily. That’s why you can sell USD in USDT in OTC market.
USDT Pro – The USDT OTC Specialist in HK
USDT Pro is the USDT OTC specialist in Hong Kong with a daily trading volume of 60 million HKD. They could provide an OTC trading settlement in less than 15mins. You could trade large-sized transactions with deeper liquidity and the best rate. USDT Pro is reliable as they abided with AML and KYC also so you can buy or sell USD in USDT there.
AAX – The well-known trading platform based in HK
AAX provides a fast and secured platform for over 20 fiat currencies. You can use the account of AAX to trade, deposit, and withdraw. USDT is one of the base currencies which you can sell USD with USDT easily on AAX.
According to Investopia, Peer-to-peer (P2P) is a decentralized platform for two individuals to interact directly with each other, without any of the third party. The trading volume of P2P has been growing quickly these few years. There are a lot of P2P trading platforms that were launched in the crypto market for inverters to choose from.
OKEX – The one-stop crypto exchange
OKEX is a world-famous crypto exchange platform that can buy, sell, and manage your fiat currencies immediately. They provide P2P platform for you to sell USD in USDT as well. They are reliable since they have secure technology of wallets which include cold and hot wallets. Their clients are around the world for over 100 countries. So you can choose them as your P2P platform to trade USD to USDT.
Binance – the trustable P2P platform
Binance is another trustable P2P platform too. They provide some discounts for worldwide investors, such as no transaction fees with KES, ZAR, and NGN. Also, you can link with a lot of e-wallets there, then buy and sell USDT more conveniently.
These are the ways that you can sell USD in USDT. If you want to trade USDT in a proper and secure way, do not hesitate to use these platforms.