Is anybody here who regularly uses USDt?
Discussion
It’s cheaper to off ramp with usdt than btc on p2p to TZS in Tanzania on Binance
So you use USDt to off ramp to TZS / cash?
Yup!
so it's cheaper to move BTC to USDt and then take that the exchange?
Correct, if I need TZS, local currency in Tanzania
Use spot exchange then P2P market place. And can receive as mobile money
and what network do you use USDt on?
On Binance there are multiple options when wanting to send usdt off the exchange. But it doesn’t ask on the P2P marketplace, I can just sell USDt for tsh with another user.
Most bitcoin people in LATAM
who can I talk to?
what's the most common transaction?
Ripio wallet is big in Latam, https://www.ripio.com/en
Sebastian Serrano is the CEO (you can find him on X).
Unfortunately in Brazil USDT will be regulated out of existence (Fx are tightly regulated), so users will have to become pariahs o use the gov CBDC (soon)
I always wonder what is t stand for .
Yes
what's the main reason? and why not BTC?
Do you prefer holding USD or BTC for the transactions?
Yes.
No.