Cryptocurrency Q&A
Is USDT a ERC-20 coin?
Is USDT a ERC-20 coin?
CryptoEnthusiast
Mon May 13 2024
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5 answers
1240
Ah, that's an interesting inquiry. So, let's delve into it. Is USDT an ERC-20 coin? The answer isn't quite as straightforward as a simple 'yes' or 'no'. USDT, the stablecoin issued by Tether, actually exists in several forms, one of which is indeed ERC-20 compliant. This particular version of USDT runs on the Ethereum blockchain, leveraging the ERC-20 standard, which provides a framework for tokens to be issued and traded on the network.
However, it's worth noting that USDT isn't solely an ERC-20 coin. There are also versions of USDT that adhere to other blockchain standards, such as TRC20 and BEP20, which operate on different networks with their own unique characteristics. So, while ERC-20 USDT does exist, it's just one facet of the broader USDT ecosystem.
Does that clarify your question? Or are there other aspects of USDT or cryptocurrency finance that you'd like to explore further?
5 answers
Silvia
Tue May 14 2024
ERC20 Tether, on the other hand, operates on the Ethereum blockchain.
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Dario
Tue May 14 2024
Cryptocurrencies exist in various forms, each tailored to specific blockchain platforms.
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Andrea
Tue May 14 2024
BTCC, a leading UK-based cryptocurrency exchange, provides a comprehensive suite of services.
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Elena
Tue May 14 2024
Among these, TRC20 Tether stands out as it functions on the TRON blockchain.
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SamuraiBrave
Tue May 14 2024
TRC20 Tether offers significant advantages in terms of transaction speed and cost compared to ERC20 Tether.
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