Assalaamu alaykum,
If we are assuming that USDC and USDT tokens as USD, then doesn’t it mean we can only exchange them one-to-one? If I sell my 1 USDC for 1.0001 USDT, does it mean riba? I was exchanging them for many years but it newly came to my mind. Please help @Mufti_Faraz_Adam @Mufti_Billal . Thanks.
Wa alaykum salaam,
These are stable coins and different coins, so they can be exchanged at different prices.
Allah knows best
Hi brother can you check a coin called FARB. i know it needs to have use case which i see this token having as it trying to provide use cases and using AI etc?
Salam sheikh,
Some long time ago i took an arbitrage trade on USDC/USDT pair when USDC Depegged on weekends when redemption were no longer possible (When US banks started collapsing), and i took about 3% profit, would the same answer still stand?