1/23/2024 0 Comments Does binance support usdt trc20![]() If Ethereum doesn’t move in time, people and DeFi will start switching due to slow network and high fees. ![]() Elrond is moving towards Mainnet and so is Cardano. Polkadot also has good platform currently although expansion seems a little tricky. As and when profit margins reduce, these transactions will stop happening and people will have to switch. People are ignoring this as the market is bullish and Ethereum fees is being managed from profits. This is absurd and doesn’t make business sense at all. Otherwise, who would want to pay $8 for transferring $10 and keep waiting for 25 seconds. The only thing holding currently is that Ethereum has wide adoption by developers and traders/investors alike, the brand association and reputation of delivery is the one holding the sway. If they don’t bring 2.0 soon and fix up this mess with POS, projects will move away to another platform and Tron is a strong contender. Honestly the fees is a big pain point for Ethereum currently. While USDT’s reserve and issuance system is controversial, compared to the majority of stablecoins, USDT still offers the longest track record and strongest solvency. This enables payments requested in a particular fiat currency or precious metal, and can protect recipients from sudden price changes. Built with the same features as other popular cryptocurrencies, stablecoins offer simple transactions through existing cryptocurrency infrastructure with trustless networks using the appropriate block explorer. Stablecoins are cryptocurrencies designed to minimize the volatile price movement within the cryptocurrency environment by pegging each token to an underlying crypto, fiat money or exchange traded commodity such as precious metals. Tether has been issued on the Omni, Ethereum, Tron, EOS, Liquid and Algorand blockchains Each USDT token is tethered to a US dollar that is held in Tether Limited’s reserve balance and can be obtained through the Tether platform. Tether (USDT) is a cryptocurrency designed for each token to be represented by an underlying US dollar.
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