How to Choose the Blockchain Network When Depositing? (USDT as an Example)

Taking USDT as an example, USDT is a stablecoin issued by Tether Company based on the stable value of the US dollar (USD), known as Tether USD (hereinafter referred to as USDT). 1 USDT = 1 USD, and users can exchange USDT for USD at a 1:1 ratio at any time. Tether Company strictly adheres to a 1:1 reserve ratio guarantee, meaning that for every 1 USDT token issued, there is 1 USD in funds held in its bank account.

This article will introduce the three most common public blockchains where USDT is issued: USDT-TRC20, USDT-ERC20, and USDT-SOL.

 

1. USDT-TRC20 (USDT-TRON) is USDT issued by Tether Company on the TRON network, with deposits and withdrawals processed via the TRON network. USDT-TRC20 (USDT-TRON) uses the TRC20 protocol.

Contract address Explorer: TRONSCAN

2. USDT-ERC20 is USDT issued by Tether Company based on the Ethereum network, with deposits and withdrawals processed through the ETH network. USDT-ERC20 uses the ERC20 protocol.

Contract address Explorer: Etherscan

3. USDT-SOL is USDT issued by Tether Company based on the Solana network, with deposits and withdrawals processed via the SOL network. USDT-SOL uses a protocol built on the SOL blockchain network.

Contract address Explorer: Solscan

Here is an example for USDT-TRC20 deposit:

1) Select USDT as the deposit coin.

2) Select TRC20 as the chain type.

3) Tap to ‘Copy’ the deposit address, or scan the withdrawal QR code to obtain the deposit address.

4) Paste the FameEX deposit address into the withdrawal address on the withdrawal platform, select the same coin and chain type, and initiate the withdrawal.

Note: Please verify the deposit address, coin name, and deposit network before making your deposit. Incorrect information during the deposit process may result in irretrievable asset loss.