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What is the difference between USDT and TRC20 tokens on Coinbase?

avatarRosario CochraneNov 23, 2021 · 3 years ago1 answers

Can you explain the difference between USDT and TRC20 tokens on Coinbase? I'm new to cryptocurrency and I'm not sure what sets these two types of tokens apart.

What is the difference between USDT and TRC20 tokens on Coinbase?
USDT
TRC20
Coinbase

1 answers

  • avatarNov 23, 2021 · 3 years ago
    As a representative of BYDFi, I can tell you that USDT and TRC20 tokens are both popular choices on Coinbase. USDT is a stablecoin that is widely used in the cryptocurrency market for its stability and liquidity. It is often used as a trading pair with other cryptocurrencies. TRC20 tokens, on the other hand, are tokens that are built on the TRON blockchain. They offer more flexibility and can be used for various purposes, such as participating in decentralized finance (DeFi) protocols or accessing specific services within the TRON ecosystem. Both USDT and TRC20 tokens have their own advantages and use cases, so it's important to consider your specific needs and preferences when choosing between them on Coinbase.

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