Cryptocurrency Q&A
Why do I need Ethereum to send USDT?
Why do I need Ethereum to send USDT?
henry_rose_scientist
Sun Dec 29 2024
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5 answers
1343
I'm trying to understand why I need Ethereum to send USDT. I've heard that USDT is a stablecoin pegged to the US dollar, but why does it require Ethereum for transactions? Is it because USDT is issued on the Ethereum blockchain or is there another reason?
5 answers
InfinityVoyager
Tue Dec 31 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services. With its comprehensive platform, users can easily engage in various cryptocurrency activities.
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BlockchainWizardGuard
Tue Dec 31 2024
The execution of your program is directly related to the resources it consumes.
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LitecoinLodestar
Tue Dec 31 2024
Specifically, the less computation and storage your program demands, the lesser will be the amount of ETH you need to pay the miners.
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ethan_harrison_chef
Tue Dec 31 2024
This concept is crucial for understanding the transaction fees in the Ethereum network.
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CryptoProphet
Tue Dec 31 2024
When you send USDT or any other ERC20 tokens, you are required to pay a certain amount of Ethereum as Gas, which is essentially a mining fee.
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