What is the network used for USDT on Binance?

3 answers

• Jan 05, 2022 · 3 years ago
  USDT, also known as Tether, is a stablecoin that is pegged to the value of the US dollar. On Binance, USDT is primarily issued on the Ethereum blockchain as an ERC-20 token. This means that the network used for USDT on Binance is the Ethereum network. By utilizing the Ethereum blockchain, USDT transactions on Binance benefit from its security, decentralization, and global reach. The Ethereum network allows for fast and low-cost transactions, making it convenient for users to trade and transfer USDT on Binance.
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• Jan 05, 2022 · 3 years ago
  The network used for USDT on Binance is Ethereum. Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts. USDT on Binance is an ERC-20 token, which means it follows a set of standards and protocols on the Ethereum network. This allows for seamless integration with other Ethereum-based applications and services. The Ethereum network provides a reliable and secure infrastructure for USDT transactions on Binance.
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• Jan 05, 2022 · 3 years ago
  USDT on Binance is primarily issued on the Ethereum network. Ethereum is a popular blockchain platform that supports the creation of decentralized applications and smart contracts. By utilizing the Ethereum network, USDT transactions on Binance benefit from the network's robustness and security. Ethereum's widespread adoption and active developer community ensure the stability and reliability of USDT on Binance. Other networks, such as the TRON network, also support USDT, but on Binance, Ethereum is the main network used for USDT transactions.
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