Today in the world of digital currencies, Tether It is one of the most popular coins traded in the market. Due to the stability of its value, this digital currency has become one of the best choices for keeping capital and conducting transactions. Tether has different types, in this article we are going to discuss the most common types and describe the characteristics of each.
What is Tether Stablecoin?
Tether with USDT symbol One Stablecoin It is in high demand in the digital currency market. Each USDT unit is equivalent to one US dollar and one dollar is kept in the treasury of this company for each Tether. At first this digital currency Realcoin (Realcoin) had a name But during the changes made in its underlying technology, its name was changed. Over the past several years, Tether has made significant progress in the volume of transactions and increased liquidity.
Tether has been released on various networks; That is, you can buy Tether of the same network depending on your needs and according to the different features of each network. For example, if you want to work on an Ethereum lending platform, you need to buy Ethereum Tether, or if you want to transfer money, Tethertrony is a more affordable option.
Learn more: What is Tether? All about USDT cryptocurrency
Types of Tether (USDT) on different networks
Tether For the convenience of users and Easier access they, USDT on about 20 different networks has offered The types of Tether networks are:
- Ethereum (ERC-20)
- Tron (TRC-20)
- Binance Smart China (BEP-20)
| Types of tethers | Main feature | Advantages | Disadvantages |
|---|---|---|---|
| Tether Omni (Bitcoin Network) | Tether main network | High stability and security | Low network activity and relatively old network |
| ERC20 Tether (Ethereum Network) | The most popular Tether network with high liquidity and an active community | Very active community, use on different platforms | Lower speed of transactions and higher fees |
| Tether TRC20 (Tron Network) | High speed and low fees | Speed, low fees | Less security than the Omni network |
| EOS Tether | High scalability and low transactions | High speed and very low fees | Smaller community than other networks |
| Other networks (Tether Algorand, Liquid Network, etc.) | Acceptable scalability | High speed and reasonable fees | Much smaller community than other networks and average security |
Very important point: when buying Tether, be sure to pay attention to which network the Tether you are buying is on. In addition, when transferring Tether, get the Tether address in the desired network. Otherwise you will be in trouble.
Features of the Ethereum network Tether or USDT-ERC20
Ethereum Tether Or the tether that works with the ERC20 standard is considered among the most popular tethers for traders. Ethereum is actually the first platform that supported Tether.
The popularity of the Ethereum network is due to the possibility Cooperation And Integrating it with the ecosystem This is the network. This allows users to trade Tether with other digital currencies on the Ethereum platform; Therefore, one of the types of Tether, TMore with Ethereum network standard is that by name USDT-ERC20 Is known.
Features of Tether Binance Smart China or USDT-BEP20
Tether Binance Smart China (BEP20) It is a newer network that has gained many fans due to its low fees and high transaction throughput. Binance Smart China network standard is another type of Tether named USDT-BEP20 Is known.
This network is for Investors to that Speed And Affordable It's more attractive to have transactions that matter.
Features of Tether or Tron network USDT-TRC20
Tetratron Or USDT-TRC20 It is considered as one of the most widely used networks for sending transactions. The main reason is the high transaction speed and low fees of this network; Therefore, the TRC-20 network can be considered one of the most popular types of tethers.
Speed And Low fees This network, it to The best platform It has been converted for cross-border payments and high-volume transactions.
Other networks for USDT
At the same time, you can use Tether on the following networks:
- Polygon
- Solana
- Polkadot
- Cosmos
- EOS
- Arbitrum
- Optimism
- Algorand
- Tezos
These networks are all reliable networks for moving Tether, but the volume of USDT transactions on them compared to Ethereum And Theron It is much lower. Therefore, Tether may decide to stop supporting them.
For example Tether EOS (EOS) that year 2019 is offered, an attractive option for Traders it counts; Why so The speed of transactions is very high And The fee is also very low Is.
Which type of tether should we choose?
- If Cost Do you care, USDT on networks Theron, Binance Or Ias Choose.
- If security It is a priority for you, from Tether Roy Omni Network (Bitcoin) And Ethereum network (ERC-20) use. Note that this does not mean that the Tron or Binance networks are not reasonably secure.
- If you are looking to work on Decentralized software and platforms Defay you are Ethereum Tether buy
- Tether price There is no difference between different networks does not have!
In summary, the best Tether network to Individual needs and preferences It depends on you. If you need compatibility with Ethereum-based applications, ERC-20 is the best choice. If you need fast transaction speed and low fees, TRC-20 or BEP-20 are better choices. Ultimately, the best way to decide which tether type is right for you is to try all three and see which one you prefer.
Frequently asked questions
Tether is currently active on more than 20 networks. Ethereum, Tron, IAS, Omni Network and Solana are the most popular networks for transferring Tether.
Currently, the Ethereum network (ERC20) is the most popular network for transferring Tether.
Currently, Tether IAS and Tether Tron are the fastest networks for transferring USDT.
Currently, Iranian exchanges mostly support Tether and Ethereum.
Yes; To do this, first transfer the Tether to the exchange that supports your network and then convert it to the Tether of the desired network. This feature is called Tetri Bridges.
Currently, the Omni network and Ethereum are the most decentralized Tether network.
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