Tether was created in October 2014, with a clear purpose to disrupt the legacy financial system. It does this by providing a vehicle for customers to transact with traditional currencies across the blockchain, without the volatility or complexity typically associated with a digital currency.
To achieve the mass adoption necessary to fulfil this vision, Tether was inherently designed to be blockchain agnostic. Since its launch, it has enjoyed widespread success of Bitcoin-based USDTether issued via the Omni Layer Protocol, and later Ethereum-based Tether, compatible with the ERC20 standard.
Today, we are proud to take the next step in our journey with TRON, through the introduction of USDT on the TRON blockchain. The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network.
Jean-Louis der Velde, Chief Executive Officer of Tether adds: “We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.”
We are pleased to be embarking on this journey with TRON and providing our users with yet another access point into the field of decentralised finance.
FAQs
TRC20, also known as USDT-TRON, is Tether's USDT that is issued on the TRON network. It is a technical standard token, and It works based on TRON's network or blockchain, using TRON's address, which means that all transactions made with the TRC20 take place on the TRON network.
How to turn USDT into cash? ›
Sell Tether for Fiat. Cash Out USDT in a Few Clicks
- Enter the amount of USDT that you wish to sell.
- Input the bank or card details where you'd like to receive your funds.
- Confirm the information to create your sell order.
- Send the exact amount of Tether to the provided wallet address.
Tether (USDT) was originally launched on October 6th, 2014 as Realcoin by Brock Pierce, Reeve Collins, and Craig Sellars (a member of the Omni Foundation).
How do I redeem USDT from tethering? ›
Firstly sign in to your Tether.to account, then click on Redeem. Fill in the total amount you wish to redeem, select the Tether tokens, the bank and click the Confirm button. 2. Ensure all information displayed is correct, fill in the Two-Factor Authenticator code and click Redeem Funds.
How much is $1 TRX worth in dollars? ›
Convert Trx to US Dollar (TRX to USD)
| Amount | Today at 01:37 |
|---|
| 0.5 Trx | 0.30 USD |
| 1 Trx | 0.15 USD |
| 10 Trx | 0.02 USD |
| 50 Trx | 0.00 USD |
3 more rowsHow to Withdraw Tron (TRX) to a Bank
- Find a trusted crypto exchange that supports TRX and fiat transactions.
- Ensure you have the correct destination address when transferring TRX from your wallet to the exchange.
- Execute a trade to convert your TRX into the fiat currency of your choice.
How can I withdraw USDT to an external USDT wallet?
- Login and go to the Portfolio tab on the web . ...
- Find USDT Tether and choose the Send button (web app) or tap into the cryptocurrency and choose Send (mobile and Pro apps). ...
- Now you need to identify the receiving wallet and the amount to send.
USDT with the TRC20 standard is a token issued by the Tron blockchain. To send USDT-TRC20, kindly ensure that you already prepared TRX (Tron) to pay for the gas fee. Kindly prepare the same token as the Gas fee for the transfer of other tokens which have the same standard as above.
Can I transfer USDT to my bank account? ›
To withdraw USDT to a bank account, you can transfer your USDT to an exchange that supports the withdrawal of USDT to a bank account. Then, you can initiate a withdrawal request and provide the necessary information, such as the bank account number, name, etc. The withdrawal process may take a few days to complete.
How do people make money with USDT? ›
How to earn money with USDT? Once you have your USDT secure in a crypto wallet, you can send the asset to a cryptocurrency exchange for trading, use it as a store of value, or earn up to 18% interest on your holdings via crypto staking.
How long does it take to withdraw USDT from your bank? The time it takes to withdraw USDT to a bank can vary widely depending on several factors, including the platform you're using, the time of day, and your bank's processing times. Generally, it can take a few hours to several business days.
How to trace USDT address owner? ›
Blockchain explorers, such as Bitquery allow users to search for specific wallet addresses and view their transaction history. By analyzing wallet addresses and transaction details, investigators can potentially identify USDT holdings and track their movement.
How much is $1 USDT in USD? ›
1 USDT equals 1.00 USD. The current value of 1 Tether is -0.03% against the exchange rate to USD in the last 24 hours.
Which network is USDT on? ›
USDT is a cryptocurrency issued by Tether, that is compatible with the Ethereum/ERC20 and Tron/TRC20 networks.
What is the USDT contract on TRON network? ›
The USDT smart contract on the Tron network is a TRC-20 token contract. It is used to issue and manage USDT tokens on the Tron network. The contract has several functions that allow users to transfer, issue, and manage USDT tokens. The contract also has several events that are logged when certain actions are performed.
Is Usdt tether the same as TRC20? ›
Tether (USDT) exists in two primary variants: TRC20 and ERC20, each operating on different blockchain platforms. TRC20 Tether runs on the TRON blockchain, offering faster and cheaper transactions compared to ERC20 Tether, which operates on Ethereum.
What is the USDT tether? ›
USDT is the symbol for Tether, a cryptocurrency that is pegged to the U.S. dollar. This means USDT is a stablecoin, fluctuating in value with the U.S. dollar and backed by Tether's dollar reserves.
What is the value of USDT TRC20? ›
Convert Tether USD (TRC-20) to US Dollar (USDT to USD)
| Amount | Today at 00:33 |
|---|
| 1 USD | 0.99056604 Tether USD (TRC-20) |
| 10 USD | 9.90566038 Tether USD (TRC-20) |
| 50 USD | 49.52830189 Tether USD (TRC-20) |
| 100 USD | 99.05660377 Tether USD (TRC-20) |
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