Cryptocurrency Q&A
Is USDT compatible with Ethereum?
Is USDT compatible with Ethereum?
KpopMelody
Thu Jan 02 2025
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7 answers
2080
I'm wondering if USDT, the stablecoin pegged to the US dollar, is compatible with the Ethereum blockchain. I've heard that USDT exists on multiple blockchain networks and I want to confirm its compatibility with Ethereum specifically, as I'm considering using it for transactions on the Ethereum network.
7 answers
Lorenzo
Sat Jan 04 2025
Tether's issuer maintains that USDT is fully collateralized by bank reserves and loans.
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CryptoProphet
Sat Jan 04 2025
The value of these reserves and loans is claimed to be at least equal to or greater than the amount of USDT in circulation.
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ThunderBreezeHarmony
Sat Jan 04 2025
This assurance is meant to provide stability and trustworthiness to the USDT cryptocurrency.
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AndrewMiller
Sat Jan 04 2025
It's worth noting that Coinbase, a popular cryptocurrency exchange, has specific requirements for USDT.
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CloudlitWonder
Fri Jan 03 2025
Coinbase currently only supports USDT tokens that are issued on the Ethereum blockchain, specifically those that comply with the ERC-20 standard.
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