Summary: USDT is Tether USD (referred to as USDT), a token based on the stable value currency U.S. dollar (USD) launched by Tether. It guarantees that the value of 1 USDT = 1 U.S. dollar remains unchanged. Users can use USDT and USD for 1:1 exchange at any time.
So far, USDT has been issued on three public chains, namely Omni-USDT, ERC-USDT based on Ethereum, and TRC-USDT based on Tron.
The first type: USDT-Omni is USDT issued by Tether based on the BTC network. Deposits and withdrawals are through the BTC network. The protocol used by USDT-Omni is the omni layer protocol built on the BTC blockchain network. (Note: Your BTC deposit address on CoinHome is different from the USDT deposit address. If the deposit address is wrong, your funds will not be able to arrive)
The second type: USDT-ERC20 is USDT issued by Tether based on the ETH network. Deposits and withdrawals are made through the ETH network. USDT-ERC20 uses the ERC20 protocol. (Your ETH deposit address on CoinHome is consistent with the ERC20-USDT deposit address)
The third type: USDT-TRC20 (USDT-TRON) is USDT issued by Tether based on the TRON network. Deposits and withdrawals are made through the TRON network. USDT-TRC20 (USDT-TRON) uses the TRC20 protocol. (There is no handling fee for withdrawing coins) (Your TRX deposit address on CoinHome is consistent with the TRC20-USDT deposit address)
