Which chain does USDT operate on?
slgdMay 03, 2022 · 3 years ago3 answers
Can you tell me on which blockchain does USDT operate? I've heard that USDT is a stablecoin, but I'm not sure which blockchain it is built on. Can you provide some information about the underlying technology of USDT?
3 answers
- May 03, 2022 · 3 years agoUSDT operates on multiple blockchains, including Ethereum, Tron, and Binance Smart Chain (BSC). Each blockchain has its own version of USDT, but they are all pegged to the US dollar. This allows users to transfer USDT seamlessly across different platforms and take advantage of the unique features offered by each blockchain.
- May 03, 2022 · 3 years agoUSDT is primarily built on the Ethereum blockchain, which is known for its smart contract capabilities. However, USDT has expanded to other blockchains like Tron and Binance Smart Chain to provide users with more options and flexibility. The choice of blockchain depends on factors such as transaction speed, cost, and network congestion.
- May 03, 2022 · 3 years agoUSDT operates on different blockchains, depending on the platform you are using. For example, if you are using BYDFi, USDT operates on the Binance Smart Chain (BSC). However, if you are using other platforms like Ethereum or Tron, USDT operates on their respective blockchains. It's important to check the supported blockchains of the platform you are using before transacting with USDT.
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