“If there is a real use case for other stablecoins, we are going to add them as well” ~ Artur Schaback, COO and Co-Founder, Paxful
Here is an exclusive preview of the pilot features currently available to only a select few.
The screenshot above shows the interface conversion feature allowing you to convert any amount of your holdings into Tether.
In the same way, you can similarly convert any amount of your Tether holdings back to Bitcoin.
The above feature is very easy and seamless to use, typical of the Paxful platform, making it easy for even newbies to easily navigate and use the feature.
Stablecoins offer a great way for crypto users to protect their holdings against market volatility.
The value of a stable coin represents the ownership of a stable asset, which means that even though the market dips, the coin will still be worth the amount of the stable asset it represents. For instance, 1 Tether is equal to 1 USD no matter what happens to the crypto market.
By enabling traders to convert their holdings into stable assets, this will allow more users to use the Paxful platform as a holding wallet which means more users will be more comfortable trading on the platform despite market volatility and swings that sometimes results in losses.