Is USDT OMNI or ERC-20?

The protocol used by USDT-Omni is the Omni layer protocol built on the BTC blockchain network. USDT20-ERC20 is the USDT issued by Tether based on the ETH network . Its deposit address is the ETH address, with deposits and withdrawals taking place on the ETH network. The protocol of USDT-ERC20 is the ERC20 protocol.

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Is USDT a OMNI Binance?

Binance Halts OMNI Network Support The world’s leading stablecoin, Tether’s USDT, currently uses the OMNI network (among others) and has about $1.3 billion USDT in circulation on it. However, according to Binance’s official exchange wallet dashboard, the current fees to withdrawal USDT through OMNI is $28.

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How do you use USDT on Binance?

Register with Binance Once in Binance, select funds – Deposits; Bring your crypto to Binance for exchange to USDT . You will find your appointed pairs, and you can then acquire your USDT and spirit it off to cold or semi cold wallets for hodling or to use as normal dollars, but on a blockchain.

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