Hacker News new | ask | show | jobs
by choxi 1960 days ago
It looks like Coinbase doesn't support Tether: https://www.coinbase.com/price/tether
4 comments

Should have specified, you'd need to convert tether to bitcoin on a different exchange, then sell the bitcoin on Coinbase (or any other real-dollar exchange).

The point is that 1 dollar buys the exact same amount of bitcoin as 1 tether.

You are correct; its USDC token is backed by audited USD$.
Tether drives the price of Bitcoin (and other cryptocurrencies), which they do support.