Tether (USDT) is a cryptocurrency designed for each token to be represented by an underlying US dollar. Each USDT token is tethered to a US dollar that is held in Tether Limited’s reserve balance and can be obtained through the Tether platform. Tether has been issued on the Omni, Ethereum, Tron, EOS, Liquid and Algorand blockchains
What is Stablecoin?
Stablecoins are cryptocurrencies designed to minimize the volatile price movement within the cryptocurrency environment by pegging each token to an underlying crypto, fiat money or exchange traded commodity such as precious metals. Built with the same features as other popular cryptocurrencies, stablecoins offer simple transactions through existing cryptocurrency infrastructure with trustless networks using the appropriate block explorer. This enables payments requested in a particular fiat currency or precious metal, and can protect recipients from sudden price changes.
While USDT’s reserve and issuance system is controversial, compared to the majority of stablecoins, USDT still offers the longest track record and strongest solvency.
Really love how all USDT is treated equal on the exchange but when you want to withdrawal you get a significantly cheaper fee when using the Tron network. So say if you wanted to arbitrage your favorite coin to USDT between markets, you can just transfer the USDT through Tron and save a ton in fees and have under 1 min transactions than using the OMNI or the ERC20 layer, which are significantly higher in fees and take up to hours.
I have a feeling TRC USDT is going to start dominating soon because of how cheap and fast it is.
address I use to receive USDT
USDT-ERC20 is the USDT issued by Tether based on the ETH network. Its deposit address is the ETH address, with deposits and withdrawals taking place on the ETH network. The protocol of USDT-ERC20 is the ERC20 protocol.
.USDT-TRON (TRC20) is the USDT issued by Tether based on the TRON network. The currency deposit address is the TRON address, with deposits and withdrawals taking place on the TRON network. The USDT-TRON (TRC20) uses the TRC20 protocol.
Please vote for the network to receive USDT Ethereum-ERC20 or Tron-TRC20