how to buy usdt and usdc in dubai uae

How to Buy USDT and
USDC in Dubai UAE?

Cryptocurrencies offer the highest ROI as compared to other asset classes, which is why a lot of investors are forgoing other traditional investment options. Since the crypto market never stops, it is highly likely that their values rise and fall within a few seconds. Given this high volatility, a major portion of crypto investors are now considering to invest in stablecoins like Tether (USDT), USD Coin (USDC), and others. You may buy USDT and USDC at highly competitive prices through IN4X Global.

What are stablecoins? 

By definition, ‘Stablecoins are cryptocurrencies where the price is designed to be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals)’, as per Wikipedia.

Most stablecoins are basically tokens based on the Ethereum blockchain and are fixed in a ratio of 1:1 to other assets. They are safe to invest in since their prices rarely fluctuate. Even their fluctuation is capped at approximately 2%. Hence, investors wanting to explore the crypto market may take advantage of stablecoins.

The need for Stablecoins 

Early crypto investors expressed a need for easy convertibility from fiat to cryptocurrency, which paved the way for a digital currency that would remain stable and provide ease of exchange. This resulted in Tether introducing the first stablecoin – USDT in 2014, which was designed with the intention of utilizing fiat currencies in a digital manner.

Stablecoins are mostly used to buy or sell cryptocurrency easily, thereby avoiding the need to use fiat currencies. An investor may benefit from trading their cryptocurrencies for stablecoins in case of falling prices, thereby maintaining their portfolio without incurring any losses. They are also a trustworthy way for crypto investors to stay put in the crypto market at a lower risk.  

 

Why invest in USDT and USDC? 

The most commonly traded stablecoins are USDT and USDC, and together they constitute a market capitalization of $130 billion. The total market capitalization of stablecoins at the time of this writing stands at about $181 billion, which means USDT and USDC collectively represent about 71.82% of the total stablecoin market by market capitalization value.

USDT-USDC chart

Figures for the illustration have been obtained at the time of this writing from CoinGecko.

There are various stablecoins available in 2022 that you can use, but USDT and USDC dominate the crypto market and are considered the best choices owing to the liquidity the trading pairs have. It is also very convenient to transfer them between exchanges, because almost every exchange accepts them, while only a few exchanges support the other Stablecoins. Both these currencies are the most widely used since they have low transaction fees and can be exchanged swiftly for other currencies, including fiat.

What is the easiest way to buy USDC or USDT in UAE?  

Buying USDT or USDC is the easiest and risk-proof way of entering the crypto market. The easiest way to buy USDC or USDT in UAE is through IN4X Global platform at low exchange rates. You can buy USDT or USDC through cash or any other cryptocurrency like Ether and iOWN token. We will soon roll out a feature that will enable you to buy USDT and USDC through wire transfer, bank transfer, or debit or credit cards as well. It is a quick and easy process. We also offer personalized service through industry experts who help you build your crypto portfolio.

USDT vs USDC – Which is better? 

USDT is the most commonly used crypto in the market today and has constantly seen the highest trading volume amongst all cryptocurrencies. However, USDC is catching up and enlisting on various blockchains as well.

In terms of transparency on the nature of their reserves, Tether Limited released their first audit for USDT in March 2018, despite being reluctant in doing so earlier. As for USDC, their parent company Centre Consortium, has always maintained a high level of transparency. They are audited by Grant Thornton LLP and release monthly reports about their reserves.

Since both these cryptocurrencies offer high liquidity and low risk, they are considered safe investments.g