**Coin On P2P Platform Adds TUSD Support in Vietnamese Market**

On April 20th, Coin On announced that its P2P platform has added support for TUSD in the Vietnamese market, and eligible users can now directly use Vietnamese dong to buy and sell TUSD on Coin On P2P platform.

Increase support for TUSD in the Vietnamese market on the Coin An P2P platform

Coin On, a leading P2P platform, made a major announcement on April 20th that it had added support for the TrueUSD (TUSD) cryptocurrency in the Vietnamese market. Wondering what this means for eligible users and how it will impact the Vietnamese cryptocurrency scene? Read on to find out.

Understanding Coin On P2P Platform

Coin On is a P2P cryptocurrency trading platform. It provides an easy and safe way to buy and sell cryptocurrencies, facilitating transactions between buyers and sellers. The platform operates in various markets worldwide, including the Vietnamese market.

What is TUSD?

TrueUSD (TUSD) is a stablecoin, meaning its value is pegged to the value of a fiat currency, such as the US dollar. One TUSD equals one US dollar, making it more stable than other cryptocurrencies, which can fluctuate wildly in value.

Coin On P2P Platform Adds TUSD Support in the Vietnamese Market

Coin On’s announcement that it has added support for TUSD in the Vietnamese market is significant. Eligible users can now directly use Vietnamese dong to buy and sell TUSD on Coin On’s P2P platform. This means Vietnamese traders can now safely invest in TUSD, without worrying about currency conversion costs.

How Will This Impact the Vietnamese Cryptocurrency Scene?

The addition of TUSD to Coin On’s P2P platform in the Vietnamese market demonstrates increasing demand for stablecoins in Vietnam. TUSD’s stable value can appeal to investors looking for a safe haven from the volatility of other cryptocurrencies.
According to Coin On, the platform’s top three cryptocurrencies by trading volume in Vietnam are Bitcoin, Ethereum, and Tether. The addition of TUSD to this list signifies a growing trend towards stablecoins, especially among Vietnamese traders.

How to Use Coin On to Trade with USDT

To buy and sell TUSD on Coin On’s platform, eligible users must first sign up for an account, undergo verification, and then deposit Vietnamese dong. From there, they can trade TUSD with other users on the platform for other cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.

Conclusion

Coin On’s P2P platform adding TUSD support in the Vietnamese market is a significant development in the cryptocurrency sphere. It offers Vietnamese traders a more stable investment option while providing a new market for TUSD. This move may be a precursor to future expansions of stablecoin support in the Vietnamese market.

FAQs

Q1. What is a stablecoin?
A1. A stablecoin is a cryptocurrency whose value is pegged to the value of a fiat currency, such as the US dollar.
Q2. What are the top three cryptocurrencies by trading volume in Vietnam?
A2. Bitcoin, Ethereum, and Tether.
Q3. What is Coin On?
A3. Coin On is a P2P cryptocurrency trading platform.