Cryptocurrency Q&A
What is the ERC20 standard for USDT?
What is the ERC20 standard for USDT?
emma_anderson_scientist
Fri Apr 11 2025
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6
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The ERC20 standard is a set of rules for creating interchangeable tokens on the Ethereum blockchain. USDT, a stablecoin pegged to the US dollar, is based on this standard, allowing it to be widely used and easily integrated with various Ethereum-based applications and exchanges.
6 answers
GeishaCharm
Sun Apr 13 2025
Tether (USDT) is perhaps one of the most well-known ERC20 tokens. As a stablecoin, Tether is pegged to the value of the US dollar, providing a stable and reliable store of value within the volatile crypto market. Its widespread adoption has made it a popular choice for traders and investors alike.
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KatanaBladed
Sun Apr 13 2025
The adoption of ERC20 by numerous tokens underscores its importance. It provided a uniform framework for tokens, ensuring interoperability and ease of use across various platforms and wallets. This, in turn, contributed to the widespread acceptance and integration of these tokens within the crypto ecosystem.
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DigitalDragon
Sun Apr 13 2025
Uniswap (UNI) is a notable example of a token that adheres to the ERC20 standard. As a decentralized exchange, Uniswap has gained immense popularity for its seamless token swapping functionality. The UNI token, which governs the Uniswap protocol, has also seen significant growth in value and adoption.
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Tommaso
Sun Apr 13 2025
Another ERC20 token that has garnered considerable attention is Shiba Inu (SHIB). Known for its meme-inspired origins, Shiba Inu has evolved into a significant player in the crypto space. Its rapid rise in popularity has been fueled by a dedicated community and a series of strategic partnerships.
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Martino
Sun Apr 13 2025
ERC20 holds a pivotal position among the standards for tokens on the Ethereum blockchain. It marked a significant milestone in the development of cryptocurrencies. This standard facilitated the creation and launch of thousands of tokens on the Ethereum network.
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