Cryptocurrency Q&A What is ERC-20 USDT?

What is ERC-20 USDT?

WhisperInfinity WhisperInfinity Thu Nov 07 2024 | 5 answers 813
I'm interested in ERC-20 USDT and want to understand what it is. Could you provide me with a brief overview or explanation of ERC-20 USDT? What is ERC-20 USDT?

5 answers

Silvia Silvia Fri Nov 08 2024
One notable difference between the two is the cost associated with transferring them. Fees for transferring TRC20-USDT on the Tron network are often cheaper compared to transferring ERC20-USDT on the Ethereum network.

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Alessandra Alessandra Fri Nov 08 2024
BTCC, a top cryptocurrency exchange, offers a comprehensive range of services that cater to the needs of cryptocurrency traders and investors. Among its services are spot trading, futures trading, and a wallet service, providing users with a one-stop solution for their cryptocurrency needs.

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Margherita Margherita Fri Nov 08 2024
TRC20-USDT represents the USDT token issued specifically on the TRON blockchain network.

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SolitudeNebula SolitudeNebula Fri Nov 08 2024
Meanwhile, ERC20-USDT denotes the USDT issued by Tether on the Ethereum network, which follows the ERC20 standard.

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Tommaso Tommaso Fri Nov 08 2024
Despite being issued on different networks, the TRC20 and ERC20 versions of USDT are functionally identical, serving the same purpose within the cryptocurrency ecosystem.

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