I'm wondering if USDT is compatible with the ERC20 standard. I know ERC20 is a common standard for tokens on the Ethereum network, and I want to make sure USDT can be used in the same way.
When depositing USDT, it is crucial to ensure that you are sending it to the correct address type. USDT should be deposited to either an ERC-20 or TRC-20 generated address.
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alexander_smith_musicianTue Apr 15 2025
ERC-20 and TRC-20 are two different standards for tokens on the Ethereum and Tron blockchains respectively. Depositing USDT to an address that does not match its respective blockchain standard will result in the funds being lost.
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BiancaTue Apr 15 2025
For example, depositing USDT (ERC-20) to a Bitcoin (BTC) generated address is not possible. The BTC address format is incompatible with the ERC-20 standard, and the funds will not be credited to your account.
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KabukiPassionMon Apr 14 2025
Similarly, depositing USDT (TRC-20) to an Ethereum (ETH) generated address is also not advisable. The ETH address format is different from the TRC-20 standard, and the funds will not be recoverable.
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MicheleMon Apr 14 2025
It is important to double-check the address format before initiating a deposit. Make sure that the address you are sending USDT to matches the blockchain standard of the USDT you are depositing.