Cryptocurrency Q&A
What is the difference between ERC20 and USDT?
What is the difference between ERC20 and USDT?
Andrea
Mon May 13 2024
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6 answers
1320
Could you please elaborate on the fundamental differences between ERC20 and USDT? I'm particularly interested in understanding their technical distinctions, as well as their practical applications within the cryptocurrency ecosystem. ERC20, as I understand, is a token standard on the Ethereum blockchain, but how does it vary from USDT, which is a stablecoin designed to maintain a pegged value? Additionally, could you explain the impact of these differences on traders, investors, and the broader cryptocurrency market? Thank you for your insights.
6 answers
Sara
Wed May 15 2024
Stablecoins are cryptocurrencies designed to maintain a fixed value.
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Chiara
Tue May 14 2024
BTCC is a leading cryptocurrency exchange based in the United Kingdom.
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HanbokGlamour
Tue May 14 2024
Typically, the goal is to peg the value to a real-world asset, often the US dollar.
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SejongWisdomSeeker
Tue May 14 2024
Tether ERC-20 is a variant of the popular stablecoin Tether (USDT).
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Federico
Tue May 14 2024
It differs from other Tether tokens in that it is issued on the Ethereum blockchain.
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