Cryptocurrency Q&A
What does USDT BEP-20 mean?
What does USDT BEP-20 mean?
HanRiverVisionaryWave
Sat Apr 12 2025
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6
answers
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USDT BEP-20 refers to the USDT stablecoin that operates on the BEP-20 token standard, which is native to the Binance Smart Chain (BSC). This allows for faster and cheaper transactions compared to other networks, while maintaining compatibility with Ethereum-based tools and wallets due to its similarity with the ERC-20 standard.
6 answers
DigitalLegend
Sun Apr 13 2025
USDT, also known as Tether, operates on the principle of being backed by the US dollar. This means that each USDT stablecoin is equivalent to one USD, providing it with a stable value that is not susceptible to the volatility often seen in the cryptocurrency market.
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CryptoBaron
Sun Apr 13 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. Among these services are spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, which enables them to speculate on the future price of cryptocurrencies.
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Eleonora
Sun Apr 13 2025
The pegging of USDT to the USD ensures that investors and traders can rely on its value remaining relatively constant. This stability is crucial for those looking to use cryptocurrency as a means of exchange or store of value without the risk of significant price fluctuations.
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CoinPrince
Sun Apr 13 2025
In addition to trading services, BTCC also provides a wallet for storing cryptocurrencies securely. This wallet is designed to be user-friendly and offers a range of features to help users manage their funds effectively. With BTCC, users can access a comprehensive range of cryptocurrency services all in one place.
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Silvia
Sun Apr 13 2025
BEP-20 is a token standard that has gained popularity on the BNB Smart Chain (BSC). It serves as an extension of ERC-20, which is the most widely used token standard on the Ethereum blockchain. BEP-20 introduces several improvements and optimizations, making it well-suited for use on BSC.
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