What is the network used by USDT on Coinbase?

LianJan 15, 2022 · 3 years ago3 answers

Can you please explain what network is used by USDT on Coinbase? I'm curious to know the technical details behind it.

What is the network used by USDT on Coinbase?

3 answers

Jan 15, 2022 · 3 years ago
USDT, also known as Tether, is a stablecoin that is pegged to the US dollar. On Coinbase, USDT is primarily issued on the Ethereum network as an ERC-20 token. This means that USDT transactions on Coinbase are recorded on the Ethereum blockchain. The use of the Ethereum network provides transparency and security for USDT transactions on Coinbase.
Jan 15, 2022 · 3 years ago
USDT on Coinbase is built on the Ethereum network. This allows for fast and secure transactions, as well as compatibility with other Ethereum-based decentralized applications (dApps). The Ethereum network has a strong community and infrastructure, making it a popular choice for USDT and other tokens.
Jan 15, 2022 · 3 years ago
USDT on Coinbase is built on the Ethereum network. Ethereum is a decentralized blockchain platform that enables the creation of smart contracts and the development of decentralized applications. By using the Ethereum network, USDT on Coinbase benefits from the security, scalability, and global reach of the Ethereum ecosystem.

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