Paxful now supports not only Bitcoin, but Tether as well

September 9, 2020, New York - Paxful, the international P2P Bitcoin trading platform, announced that it will nowit supports Tether (USDT). This largest stablecoin by capitalization will help users cope with market volatility, protect their funds and diversify crypto assets.

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Growing demand for a stable digital currencydue to the economic crisis that has affected the market for both fiat and digital currencies. Over the past year, Tether has risen to the leading position among stablecoins, with a market capitalization of over $ 13 billion.

&#171;This is a very important step for us, since"Tether is the first cryptocurrency we've added to the platform since Bitcoin," said Ray Youssef, CEO and co-founder of Paxful. — We always listen to the opinions of our users. People come to Paxful to save and grow their funds. They believe that the cryptocurrency will be more stable than their national currencies, which are subject to inflation. We hope that with the help of Paxful, they will be able to take better control of their finances.

Paxful not only added support for Tether, but alsoa hedging feature where users can convert their BTC to USDT and vice versa, allowing them to protect their funds from price fluctuations. In addition, the company plans to launch USDT transactions soon. Platform users will be able to buy and sell USDT just like Bitcoin, using over 300 payment methods. The USDT balance can be viewed on the Paxful wallet page, which displays the current market price of both cryptocurrencies. Perhaps the launch of this feature will be the first step towards adding other cryptocurrencies to the Paxful platform. The company recently announced that Paxful had 4.5 million users, $4.6 billion in trade volume, and a disputed trade rate of less than 1%. Since the creation of the company, 1 million new users have come to the platform every year (including 2020). Additionally, Paxful plans to add 2 million more users by the end of this year. Paxful is an international platform for peer-to-peer transactions. Paxful's mission is to empower unbanked people to take charge of their finances. The company was founded in 2015, and today more than 4.5 million users worldwide buy and sell Bitcoin on the Paxful platform. As part of its mission, Paxful launched #BuiltWithBitcoin, a social initiative to build 100 schools in developing countries using Bitcoin funding. Paxful was founded in 2015 by Ray Youssef (CEO) and Arthur Shabak (Director of Operations).

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