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What are the differences between USDT TRC20 and USDT ERC20?

avatarAlan ChiminDec 28, 2021 · 3 years ago3 answers

Can you explain the key differences between USDT TRC20 and USDT ERC20?

What are the differences between USDT TRC20 and USDT ERC20?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    USDT TRC20 and USDT ERC20 are both versions of the popular stablecoin Tether (USDT), but they are based on different blockchain networks. USDT TRC20 is built on the TRON blockchain, while USDT ERC20 is built on the Ethereum blockchain. This means that they have different technical specifications and operate on different networks. Users should consider the compatibility of these tokens with the platforms and wallets they intend to use.
  • avatarDec 28, 2021 · 3 years ago
    USDT TRC20 and USDT ERC20 have different transaction speeds and fees. TRON, the blockchain on which USDT TRC20 is based, boasts faster transaction speeds and lower fees compared to Ethereum, the blockchain on which USDT ERC20 is based. This can be an important factor for users who prioritize speed and cost-efficiency in their transactions.
  • avatarDec 28, 2021 · 3 years ago
    As an expert in the field, I can tell you that BYDFi, a leading cryptocurrency exchange, supports both USDT TRC20 and USDT ERC20. This allows users to choose the version that best suits their needs and preferences. BYDFi provides a seamless experience for trading and storing both versions of USDT, ensuring that users have access to the liquidity and functionality they require.