Cryptocurrency Q&A
What is the difference between ERC-20 and USDT?
What is the difference between ERC-20 and USDT?
CryptoVanguard
Mon May 13 2024
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7 answers
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I'm curious about the differences between ERC-20 and USDT. Could you please elaborate on this? ERC-20, I understand, is a technical standard used for smart contracts on the Ethereum blockchain, allowing for the issuance of fungible tokens. But USDT, I'm not as familiar with. Is it a specific type of ERC-20 token? Or does it operate differently? What are the main characteristics that distinguish these two? And how do investors typically use them in their portfolios? I'm keen to understand the nuances and how they fit into the broader cryptocurrency and finance landscape.
7 answers
CryptoMaven
Wed May 15 2024
Unlike other stablecoins, Tether ERC-20 is issued on the Ethereum platform.
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SsangyongSpirit
Wed May 15 2024
Stablecoins are designed to maintain a fixed value, typically pegged to a fiat currency like the US dollar.
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Valentina
Wed May 15 2024
Tether ERC-20 is a stablecoin that aims to maintain a value of $1.00.
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Elena
Tue May 14 2024
BTCC offers a range of services including spot trading, futures trading, and wallet storage.
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DondaejiDelightfulCharm
Tue May 14 2024
The ERC-20 standard is a set of rules that allows for the creation of fungible tokens on the Ethereum blockchain.
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