Cryptocurrency Q&A
What is approve USDT?
What is approve USDT?
GeishaWhisper
Fri Apr 04 2025
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6
answers
1028
I'm trying to understand what 'approve USDT' means. Is it related to cryptocurrency transactions or some sort of authorization process? I need clarification on this term and its usage.
6 answers
KDramaLegendaryStarlightFestival
Sun Apr 06 2025
It is a function embedded within the ERC20 standard that plays a crucial role.
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henry_miller_astronomer
Sun Apr 06 2025
This function enables token holders to exercise control over their assets.
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GeishaGrace
Sun Apr 06 2025
By using "approve," a token holder can authorize another address, referred to as the "spender," to make transfers.
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Sara
Sun Apr 06 2025
The term "approve" holds a specific meaning in the realm of ERC20 tokens.
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Riccardo
Sun Apr 06 2025
The authorization specifies the amount of tokens that the spender is permitted to transfer.
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