Terms & Conditions
1.1 CoinPayX is a trading platform for USDT to INR.
1.2 The user agrees to these Terms & Conditions by entering into this agreement, accessing or using the services provided by CoinPayX.
No, CoinPayX wallets are only compatible with USDT-TRC20 and not with any other coin.
Tether is a stablecoin built on top of existing cryptocurrency infrastructure, like Ethereum tokens. A stablecoin is a cryptocurrency backed by an asset or other currency. In this case, Tether is backed by US dollars. i.e. TRC20 USDT
TRC20 USDT is a stablecoin that uses smart contracts to ensure that each TRC20 USDT is worth $1 USD. Unlike other stablecoins, TRC20 USDT does not rely on any third-party entity or central bank to maintain the value of its currency. Instead, the stability of TRC20 USDT relies on smart contracts that provide a transparent audit trail for the token’s value at all times.
The thing that supports Tether is the US Dollar. Tether has the same value as the US Dollar and will continue to have worth as long as US Dollars can be exchanged for them.