Cryptocurrency Q&A
Is USDT ERC20?
Is USDT ERC20?
Chiara
Tue Mar 11 2025
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6
answers
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I'm trying to understand if USDT is based on the ERC20 token standard. I know ERC20 is a technical standard used for smart contracts on the Ethereum blockchain, but I'm not sure if USDT follows this standard.
6 answers
BlockProducer
Thu Mar 13 2025
TRC20-USDT is a digital asset issued on the TRON blockchain network. It represents the US dollar and is issued by Tether.
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BusanBeautyBloom
Wed Mar 12 2025
BTCC is a leading cryptocurrency exchange that offers a range of services tailored to the needs of crypto traders. Among its offerings are spot trading, futures trading, and a wallet service. These services provide users with a comprehensive platform for buying, selling, and storing digital assets.
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Giulia
Wed Mar 12 2025
On the other hand, ERC20-USDT is another version of USDT issued by Tether, but this time on the Ethereum network. ERC20 is a widely-used technical standard for tokens issued on Ethereum.
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Federica
Wed Mar 12 2025
Despite being issued on different networks, TRC20-USDT and ERC20-USDT share the same value and are functionally identical. Both versions aim to provide a stable store of value and a means of exchange in the crypto market.
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Giulia
Wed Mar 12 2025
When it comes to transferring USDT, fees can vary depending on the network used. For TRC20-USDT, transactions are processed on the TRON network, which is known for its lower fees compared to Ethereum.
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