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FTX - Built By Traders, For Traders FTX - Built By Traders, For Traders
Raymond-

Gm, May i kindly ask what is USD on FTX? Is it

the pure form of the actual real USD?

Is it backed 1:1 with USD?

Thanks

#crypto-exchange #cryptocurrency #english #ftx
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Vikir-Baskerville

USD, USDC, TUSD, USDP, BUSD, and HUSD all count as "USD Stablecoin" balances. Depositing any of those to your FTX wallet will credit you 1:1 with USD Stablecoins. Please note that PAXG has a 0.02% on-chain transaction fee. You can withdraw USD Stablecoins 1:1 as any of USDC, TUSD, USDP, BUSD, and HUSD with no conversion fee and no blockchain fee if you have 150ftt staked, otherwise you would be subject to blockchain fees for erc20 withdrawals. You can also transfer it to FTX's otc portal.

0
11.11.2021

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