Crypto wallet and secondary currency balances do not match
I've chosen USDT as my secondary currency for my card. When I go to my USDT wallet, it shows 499 USDT in flexible as it should. When I go to my card -> spendable balance -> selected secondary currency it shows 449 USDT. Why does the spendable secondary currency show a 50 USDT lower balance than what I actually have in my USDT wallet?
Posted Dec 31, 2022, 10:53 AM UTC
12
Crypto shows a 20% decrease. Stable coins show 10%
Theres no guarantee that your usdt is ever actually pegged 1:1 so hi need to cover their back.
You'll be able to spend it in multiple transactions though. If if you spend 400 now and you balance is left at 100 you'll still be able to do a transaction of 90. Then 9 etc etc
Okay. So it is basically a buffer. Many thanks.