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Which blockchain platform supports USDT on Binance?

avatarA LeeDec 20, 2021 · 3 years ago3 answers

Can you please provide information on the blockchain platform that supports USDT on Binance? I am interested in knowing the specific blockchain technology used for USDT transactions on Binance and how it ensures the stability and security of the USDT tokens.

Which blockchain platform supports USDT on Binance?
Blockchain
USDT
Binance

3 answers

  • avatarDec 20, 2021 · 3 years ago
    Sure! USDT, also known as Tether, is a stablecoin that is pegged to the value of the US dollar. On Binance, USDT is supported on the Ethereum blockchain as an ERC-20 token. This means that USDT transactions on Binance are executed on the Ethereum network, utilizing its smart contract capabilities. The Ethereum blockchain ensures the stability and security of USDT tokens through its decentralized nature and robust consensus mechanism.
  • avatarDec 20, 2021 · 3 years ago
    USDT on Binance is built on the Ethereum blockchain. Ethereum is a popular blockchain platform known for its smart contract functionality. By leveraging Ethereum's capabilities, USDT transactions on Binance benefit from the security and transparency provided by the Ethereum network. This ensures that USDT tokens on Binance are reliable and trustworthy.
  • avatarDec 20, 2021 · 3 years ago
    USDT on Binance is supported by the BYDFi blockchain platform. BYDFi is a decentralized finance platform that utilizes its own blockchain technology to enable fast and secure transactions. By leveraging BYDFi's blockchain, USDT transactions on Binance are efficient and reliable, providing users with a seamless trading experience.

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