Tokpie Entered MakerDAO Ecosystem

Great news! The negotiations with the Maker DAO to include Tokpie into the DAI ecosystem have succeeded! Thanks to the listing of Dai stablecoin (DAI), Tokpie exchange has become an authorized Custodial Exchange for DAI token. Moreover, Tokpie will start providing DAI lending and borrowing services in March 2020. It will move Tokpie & Maker DAO integration into the next level.

Maker partners Tokpie
Tokpie and Maker DAO collaboration

Tokpie – custodial exchange for DAI

We, in Tokpie, are proud to become one of the fifteen exchanges which provide custodial exchange services for Maker DAO and its Dai stablecoin (DAI). Being in the list with such notable exchanges like Kraken and Coinbase is definitely good. Furthermore, due to the Coingecko stats, Tokpie is one of the two exchanges that support the DAI/USDC trading pair.

Tokpie custodial exchange for DAI
Tokpie in the list of custodial exchanges for Dai stablecoin

Lend and borrow DAI

As was promised, the next step of integration to the Maker DAO’s ecosystem will allow Tokpie users to:

Tokpie exchange is going to launch the DAI lending and borrowing feature in July 2020. Besides, TKP token-holders will be able to use TKP as collateral to borrow Dai stablecoins (DAI). It’s a very nice idea. You could lock TKP worth of 100 USD to borrow 80 USD, for instance.

Useful links

What is Tokpie exchange
What is Maker DAO’s
DAI/USDC Order book
Maker DAO website

Tether USD on the Ethereum Blockchain: the most tradable ERC20 token!

Learn all about the USDT (ERC20) and its advantages.

After being enabled on 5th January 2018, Tether USD on the Ethereum blockchain has become the TOP #1 ERC20 token by market cap, trade volume, and the number of token-holders. Also, in the following paragraphs, you’ll learn what is USDT and why Eethereum is a preferable layer to transport Tether, how to trade it, and more. Besides, get a guide on how to buy USDT stablecoin with a bank card for your local fiat currency.

Top ERC20 tokens
USDT is a top-rated ERC20 token

What is Tether USD on the Ethereum Blockchain

Tether USD on the Ethereum Blockchain is an ERC20 token issued on the basis of smart contract: 0xdac17f958d2ee523a2206206994597c13d831ec7.
Token name: Tether USD
Token symbol: USDT

By issuing USDT on the Etherum blockchain, the Tether Operations Limited claimed that every tether token is always 100% backed by company reserves. Such reserves may consist of the traditional US Dollars, cash equivalents, and other assets and receivables from loans made by Tether to third parties, which may include affiliated entities. The Tether company is always ready to convert every 1 USDT to 1 US dollar.

T letter logo means Tether
The Tether logo

What is Tether USD market cap

Due to the CMC, the total Tether USD market cap is $4,647,908,834 (Rank 5). This amount includes all transport layers where Tether USD circulates. However, the highest impact (around 58.5%) on the market cap comes from the Ethereum blockchain. It makes Tether (ERC20) be the most preferable way of keeping Tether USD among all other layers.

What is Tether USD trade volume

Tether’s USD daily trade volume is around $43M on March 05, 2020. This is the top volume among all other +245,392 ERC20 tokens. Moreover, the 2nd most traded token has just $0.3M (by 143 times lower) daily trade volume. So huge trade volume means great liquidity. So, if you have USDT on Ethereum blockchain you can always sell it easily.

How many people use USDT

The current number of the Tether token-holders can be around +882k.

USDT smart contract
882k addresses hold USDT

However, because one person may have many wallets, you should look at the number of unique USDT senders. As you can see below, more and more people on different exchanges are starting to use Tether on the ERC20 layer. This is because Ethereum blockchain provides the most user-friendly way to accept and send US Dollars value that Tether USDT contains.

Unique USDT senders chart line
The uptrend in the number of unique USDT token senders

What are the transport layers for Tether USD

There are five layers enabled for Tether USD which you can use to transfer (transport) your Tether. If you want to deposit and withdraw Tether USD or use it for buying and selling cryptocurrencies, always double-check what transport layer is going to be used by an exchange. According to the Tether website, the Ethereum blockchain is the most usable layer for USDT. It supports 56% of the total Tether USD circulation.

list of blockchains used to transfer USDT
Ethereum blockchain is the most usable layer for Tether USD

Tether USD: ERC20 vs Omni

Omnilayer is the second popular layer for Tether transferring. The Omnilayer (Omni) is a decentralized asset platform based on the Bitcoin blockchain. Tether enabled on Omnilayer works like Ethereum and its tokens. However, you get four advantages when using Tether USD on Ethereum instead of Omnilayer:

  • Better compatibility with user-friendly wallets
  • Acceptability on most of the exchanges
  • Reduced network fees to transfer Tether
  • Faster withdrawing because of the short (15 seconds) Ethereum block confirmations.

How to sell and buy USDT (ERC20)

You can buy and sell USDT (ERC20) for ETH, WBTC, and USDC with the best spreads. Just click on the related buttons below.

Depositing fee: 0
Trading fee: 0.02% – 0.10% (depend on plan)
Withdrawing fee: Check here

No KYC for withdrawals below: $250,000
Spreads: 0.01-0.1%

Moreover, because of the growing adoption, you can trade Tether against many other cryptocurrencies. Find all available markets on CoinMarketCap and CoinGecko.

How to buy USDT with Bank Card or Apple Pay?

buy USDT coins with bank card
Obtain USDT stablecoin with Visa, MasterCard, or Apple Pay.

Use your bank card or Apple Pay to obtain USDT stablecoins directly in minutes. Open the bank card processing page, enter the amount of $USDT and your wallet address. Then click the Continue button. That’s it.

Useful links to trade USDT stablecoin