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TagsHow can I convert my crypto assets into stablecoins?
Isabel KilpatrickJan 07, 2022 · 3 years ago1 answersI have some cryptocurrency assets and I want to convert them into stablecoins. How can I do that?
1 answers
- BYDFi, a popular decentralized finance (DeFi) platform, also offers a solution for converting crypto assets into stablecoins. With BYDFi, you can deposit your crypto assets as collateral and borrow stablecoins against them. This allows you to effectively convert your crypto assets into stablecoins while still retaining ownership of your assets. However, it's important to carefully consider the risks and terms associated with borrowing on DeFi platforms before proceeding. Make sure to do your own research and assess your risk tolerance before using BYDFi or any other DeFi platform.Jan 07, 2022 · 3 years ago
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