What is the difference between ERC20 and TRC20?

TRC20 (TRC20 Token Standard) is a token standard based on the implementation of smart contract when using TRON network to issue a token .

TRC20 USDT Withdrawal usually takes time less than 5 minutes . Every withdrawal processing time is depend on the blockchain confirmation. If the network is smooth , the confirmation will be faster , thus the deposit/withdrawal will be credited faster.

The exchanges that currently support TRC20-USDT include Binance, XREX, OKEX, KuCoin, Bitfinex, Poloniex, Bithumb, DragonEx, Gate.io, ZB.com, Bigone and TRXMarket .

TRC20 based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) while allowing users to transact and exchange fiat pegged currencies across the TRON Network .

TRC20-USDT refers to USDT issued on the TRON network, ERC20-USDT refers to USDT issued by Tether on the Ethereum network . The USDT issued on TRC20 and ERC20 are both identical, however fees to transfer this USDT can often be cheaper on the Tron network using TRC20.