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Is it possible to convert USD to Ringgit Malaysia using stablecoins like USDT or BUSD?

Ehsaan SethJun 21, 2022 · 3 years ago1 answers

I'm wondering if it's possible to convert USD to Ringgit Malaysia using stablecoins like USDT or BUSD. Can these stablecoins be used to transfer funds from USD to Ringgit Malaysia? How does the conversion process work?

USD
Ringgit Malaysia
Stablecoins

1 answers

  • Sunil kumar SinghAug 19, 2024 · 10 months ago
    Yes, it is possible to convert USD to Ringgit Malaysia using stablecoins like USDT or BUSD. Stablecoins are digital currencies that are designed to maintain a stable value, often pegged to a fiat currency like the US dollar. To convert USD to Ringgit Malaysia, you can follow these steps: 1. Purchase USDT or BUSD using your USD on a cryptocurrency exchange such as Binance or BYDFi. 2. Transfer the stablecoins to a wallet that supports Ringgit Malaysia. 3. Find a reputable exchange or platform that allows you to convert stablecoins to Ringgit Malaysia. 4. Initiate the conversion process and follow the instructions provided by the platform. It's important to note that exchange rates and fees may apply during the conversion process.

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