When it comes to USDT, many people have only bought it on the exchange, and only know that it is one of the currencies that enter the market. The stable currency issued by Tether based on the 1:1 peg to the US dollar does not know much about USDT. So today we will popularize the three forms of USDT.
Any cryptocurrency is issued based on a blockchain network, and USDT is no exception. So far, USDT has been issued on three public chains, namelysecondary title。
Omni-USDT
USDT is on the markethighest shareof stablecoins, so far the market capitalization has reached$3.1 billionimage description
features
features
• The type of handling fee paid is BTC
Omni-USDT is stored on the Bitcoin address, so every time you transfer, the type of service fee that needs to be paid is Bitcoin. Example address:1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz (Tether Treasury)
• The transfer is accompanied by a small BTC transaction
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ERC-USDT
At the end of 2017, Tether issued USDT based on the ERC-20 protocol on Ethereum, making it a Token on Ethereum. Corresponding to Omni-USDT,features。
features
• The transaction fee paid is ETH
ERC-USDT, like other Tokens on Ethereum, is stored on the Ethereum address, so the type of fee that needs to be paid for each transfer is ETH. Example address:0xdac17f958d2ee523a2206206994597c13d831ec7 (ERC-20 contract)
• Most exchanges support deposit and withdrawal, and the withdrawal limit is low
Basically, mainstream exchanges support ERC-USDT deposit and withdrawal, and you can choose to mention BTC address or ETH address when withdrawing coins. And, taking Huobi as an example, the minimum withdrawal limit of ERC-USDT (2 USDT) is currently smaller than that of Omni-USDT (200 USDT).
• Support smart contracts, more convenient transaction query on the chain
Unlike Omni-USDT, ERC-USDT can support smart contracts. ERC-20 USDT transactions can be queried in mainstream Ethereum browsers, and interested users can go toTokenview Ethereum Explorersecondary title
TRC-USDT
features
features
• Fees paid... no fees? !
Yes! There is no fee for transferring USDT on TRON, but there will still be a fee for withdrawing TRC-USDT on the exchange (collected by the exchange). Example address:TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t (TRC-20 contract)
• Currently still in beta
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Which USDT should you choose?
There is no difference between the three types of USDT in the exchange, but in the chainnot interoperableof. In other words, an Omni-USDT address cannot transfer USDT to the other two chains, so please always pay attention to the address type when depositing and withdrawing USDT on the exchange.
safetysafetyIt is the highest of the three. Because of this, the transaction speed is the fastest among the threeslowestof. Recently, the market conditions are obvious, and the number of transactions on the Bitcoin chain has also surged, resulting in a very slow transfer speed of Omni-USDT.
The security of ERC-USDT is among the threein the center, and the transfer speed is also in the middle.According to Tokenviews data monitoring, the frequency of USDT transfers on Ethereum has surpassed that of Omni-USDT recently. The main exchanges for transferring USDT are Bitfinex, Huobi, Binance and OKEX.
TRC-USDT has the lowest asset security, butThe transfer speed is the fastest, and there is no handling fee for on-chain transfers. Friends who are very concerned about transaction speed can consider TRC-USDT, but in view of security considerations, it is best to focus on small amounts.
