Cryptocurrency Q&A
Is USDT ERC20 or TRC20?
Is USDT ERC20 or TRC20?
KpopStarlight
Mon May 13 2024
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5 answers
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Could you please clarify for me if USDT is ERC20 or TRC20? I've been hearing about both standards in the context of cryptocurrencies, but I'm still a bit confused about the differences and which one USDT falls under. ERC20 seems to be a widely used standard on the Ethereum blockchain, while TRC20 is associated with the Tron network. Given that USDT is a stablecoin designed to maintain a 1:1 peg with the US dollar, I'm curious to know which of these two standards it adheres to. Could you enlighten me on this matter? Your explanation would be greatly appreciated.
5 answers
Michele
Tue May 14 2024
In terms of functionality, USDT-ERC20 and USDT-TRC20 can be used interchangeably for transactions and trading.
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CryptoTitaness
Tue May 14 2024
Their prices are typically equal, reflecting the underlying stability of the Tether project.
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ShintoMystical
Tue May 14 2024
USDT-ERC20 and USDT-TRC20 are two different types of Tether tokens.
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GyeongjuGloryDaysFestival
Tue May 14 2024
Despite their distinct technological implementations, they share similar characteristics.
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CryptoGladiatorGuard
Tue May 14 2024
Both tokens represent a stablecoin pegged to the US dollar, aiming to maintain a constant value.
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