Paxful, a leading peer-to-peer cryptocurrency marketplace, has officially launched global support for Tether (USDT) trading on its platform. This move allows verified users to buy, sell, and trade USDT—recognized as the world’s largest stablecoin by market capitalization—with the same flexibility and ease as Bitcoin (BTC). The update marks a significant step in enhancing financial resilience for users navigating volatile crypto markets.
With this expansion, Paxful empowers individuals to hedge against Bitcoin price swings by converting BTC to USDT directly within the wallet. This functionality offers stability during market fluctuations, making it easier for users to preserve value without exiting the ecosystem.
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Seamless USDT Trading with 300+ Payment Methods
Just like Bitcoin trading on Paxful, users can now transact USDT using over 300 payment methods, including bank transfers, online wallets, and gift cards. Notably, users no longer need to purchase Bitcoin first to acquire USDT—stablecoins are now directly accessible through peer-to-peer trades.
This direct access lowers barriers for new users and improves liquidity across regions where fiat infrastructure is limited. Whether sending remittances or securing savings, individuals can now use USDT as a reliable store of value with instant convertibility.
The pilot phase of USDT trading was initially rolled out in Nigeria and select markets. Its success laid the foundation for a worldwide release.
"To honor one of our biggest markets, we decided to offer the feature to top users in Nigeria first. Confirming its efficiency and ease of use, we received practical feedback that we applied to polish the trading feature, and now we are ready to present it to the rest of the world," said Artur Schaback, Chief Product Officer and co-founder of Paxful.
Real-World Impact: Hedging Against Volatility
Since the introduction of the hedging function, thousands of users have leveraged USDT to safeguard their holdings. To date, nearly $1.5 million worth of Bitcoin has been converted into Tether on the platform—a clear indicator of growing demand for stability in decentralized finance.
Stablecoins like USDT bridge the gap between traditional finance and digital assets, offering price predictability while maintaining blockchain-based transparency and accessibility. For users in high-inflation economies or those managing cross-border payments, this development is particularly transformative.
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Platform Enhancements Improve User Experience
Alongside USDT integration, Paxful has introduced several key updates designed to streamline transactions and boost security:
1. Direct Bank Account Integration
Users can now securely save their bank account details in their profile settings. When creating a trade offer, they can choose which bank information to automatically share upon trade initiation. This eliminates manual entry errors and reduces delays caused by incorrect details.
This enhancement not only speeds up transactions but also strengthens trust between trading partners—especially critical in regions where banking details vary widely or are frequently miscommunicated.
2. Send Bitcoin Using Username
Previously, sending Bitcoin required copying and pasting long wallet addresses—an error-prone process. Now, users can send BTC directly using a recipient’s Paxful username. This simplifies transactions among friends, family, or frequent trading partners.
Schaback emphasized the human-centered design philosophy behind the update:
"Part of making our platform truly 'powered by the people' is listening to what our users have to say. The addition is aimed at simplifying transactions, so our users around the world can send Bitcoin with ease. Be that family or friends, remittance just became easier."
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Frequently Asked Questions (FAQ)
Q: What is USDT, and why is it important on Paxful?
A: USDT (Tether) is a stablecoin pegged 1:1 to the US dollar. On Paxful, it allows users to protect their funds from Bitcoin's price volatility while staying within the crypto ecosystem. It’s especially useful for saving, sending remittances, or conducting stable-value trades.
Q: Can I withdraw USDT directly from my Paxful wallet?
A: Yes. Users can now acquire and withdraw USDT directly from their Paxful wallet without needing to convert through Bitcoin first—making transactions faster and more efficient.
Q: How many payment methods support USDT trading on Paxful?
A: Over 300 payment methods—including bank transfers, mobile money, gift cards, and e-wallets—are available for buying and selling USDT globally.
Q: Is USDT trading available everywhere?
A: Yes. After a successful pilot in Nigeria and other key regions, Paxful has rolled out USDT peer-to-peer trading to all verified users worldwide.
Q: How does hedging work on Paxful?
A: Users can instantly convert Bitcoin (BTC) to USDT—and vice versa—within their wallet. This allows them to lock in value during market highs or re-enter the market when conditions improve.
Q: Can I send Bitcoin to someone using just their username?
A: Absolutely. Paxful now allows users to send BTC using only the recipient’s username, eliminating the need to handle complex wallet addresses.
Empowering Financial Inclusion Through Innovation
Founded in 2015 by Ray Youssef and Artur Schaback, Paxful has grown into a global platform with over 5 million users across emerging markets. Its mission centers on empowering the estimated four billion unbanked and underbanked individuals worldwide by enabling peer-to-peer value transfer through cryptocurrency.
The platform’s commitment extends beyond commerce. Through its #BuiltWithBitcoin initiative, Paxful funds social impact projects—including schools built entirely with bitcoin donations—in underserved communities around the world.
As digital finance evolves, platforms like Paxful continue to lower entry barriers, promote financial sovereignty, and demonstrate how blockchain technology can drive real-world change.
👉 Explore how next-generation crypto platforms are reshaping global finance.