What is the main purpose of USDT mining?
What is the main purpose of USDT mining? What is the main purpose of stablecoin
What is the main purpose of USDT mining? What is the main purpose of stablecoin USDT mining?
In USDT mining, users can provide liquidity for the USDT-DAI trading pair by using Tether’s ERC20Token (USDX). At the same time, users can earn income through Tether’s decentralized lending protocol Aave and receive the platform’s governance token $BAT as a reward. These funds will be used for buyback and burn operations for DeFi projects, thereby reducing user costs. Additionally, on Aave, users’ assets will be automatically converted into BTC, ETH, or any other cryptocurrency as collateral to generate corresponding interest income. The profits can also be returned to the borrowers and used to pay interest, and eventually returned to the lenders.
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