Cryptocurrency Q&A
Is USDT an ERC 20 token?
Is USDT an ERC 20 token?
DongdaemunTrendsetting
Thu Apr 10 2025
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I've been hearing a lot about USDT and ERC20 tokens recently. I understand that ERC20 is a token standard on the Ethereum blockchain. But I'm confused whether USDT is considered an ERC20 token or if it belongs to a different category. Can someone clarify this for me?
7 answers
Ilaria
Sat Apr 12 2025
On the other hand, TRC20 USDT is issued on the Tron blockchain. Tron is a decentralized platform aimed at building a global free content entertainment system using blockchain and distributed storage technology.
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amelia_miller_designer
Sat Apr 12 2025
ERC20 and TRC20 USDT are not identical. Despite being stablecoins issued by the same company, Tether, they possess distinct characteristics.
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CryptoEnthusiast
Sat Apr 12 2025
The primary distinction lies in the blockchain on which they are issued. ERC20 USDT is issued on the Ethereum blockchain, leveraging the Ethereum network's smart contract capabilities.
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Elena
Fri Apr 11 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services, including spot trading, futures trading, and wallet services. Its spot trading service allows users to buy and sell cryptocurrencies at current market prices.
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lucas_lewis_inventor
Fri Apr 11 2025
The difference in blockchains also translates to differences in the code that underlies these stablecoins. ERC20 USDT uses the ERC20 token standard, which is widely adopted on the Ethereum blockchain for creating and issuing tokens.
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