2 minsPublished on 2/18/2022
Users can now buy USDT (TRC-20) via MoonPay instantly with a credit card.
By Corey Barchat
We’re delighted to share that USDT (TRC-20) is now available to purchase for MoonPay customers.
Users can now buy USDT (TRC-20) directly via MoonPay with credit/debit cards including Visa and Mastercard, bank transfer, and many other payment methods.
What is USDT (TRC-20)?
USDT (TRC-20) is astablecoin issued by Tether that is native to the TRON blockchain. Tether (USDT) was first created in 2014, and aims to maintain a 1:1 exchange rate with the US Dollar through its reserves. Currently, USDT is the world’s most widely-used stablecoin with a market cap of over $78 billion.
What’s the difference between USDT (TRC-20) and USDT (ERC-20)
Though they are both stablecoins tied to the US Dollar, the difference between USDT (TRC-20) and its Ethereum counterpart USDT (ERC-20) is that transactions on the TRON network are quicker and have significantly cheaper fees.
USDT (TRC-20) is compatible with the TRON blockchain and can be held in any wallet that supports TRON assets. It can also be used to participate in TRON DeFi protocols and Decentralised Applications (DApps).
Where to buy USDT (TRC-20)
You can buy USDT (TRC-20) now via MoonPay. Just use your credit card and enter the desired Solana wallet address to purchase.
TRON-based USDT is available to global MoonPay customers in all supported territories, excluding the United States.
Written byCorey Barchat
As an expert in the field of cryptocurrency and blockchain technology, I can confidently discuss the content of the provided article, demonstrating a comprehensive understanding of the concepts involved.
The article revolves around the announcement that users can now purchase USDT (TRC-20) through MoonPay using a credit card. Let's break down the key concepts mentioned in the article:
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USDT (TRC-20):
- Definition: USDT (TRC-20) is a stablecoin issued by Tether and is native to the TRON blockchain.
- Function: It aims to maintain a 1:1 exchange rate with the US Dollar through its reserves.
- Background: Tether (USDT) was created in 2014 and is currently the world's most widely-used stablecoin with a market cap exceeding $78 billion.
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Difference between USDT (TRC-20) and USDT (ERC-20):
- Stablecoins Tied to USD: Both USDT (TRC-20) and USDT (ERC-20) are stablecoins tied to the US Dollar.
- Different Blockchains: USDT (TRC-20) operates on the TRON blockchain, while USDT (ERC-20) is on the Ethereum blockchain.
- Transaction Speed and Fees: The article highlights that transactions on the TRON network (USDT TRC-20) are quicker and have significantly cheaper fees compared to transactions on the Ethereum network (USDT ERC-20).
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Compatibility and Usage of USDT (TRC-20):
- TRON Blockchain Compatibility: USDT (TRC-20) is compatible with the TRON blockchain.
- Wallet Support: It can be held in any wallet that supports TRON assets.
- Use in TRON Ecosystem: USDT (TRC-20) can be used to participate in TRON DeFi protocols and Decentralized Applications (DApps).
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Where to Buy USDT (TRC-20):
- MoonPay Integration: Users can purchase USDT (TRC-20) through MoonPay using various payment methods, including credit/debit cards.
- Global Availability: TRON-based USDT is available to MoonPay customers globally in supported territories, excluding the United States.
In summary, the article introduces a new avenue for purchasing USDT (TRC-20) through MoonPay, emphasizing the benefits of the TRON network in terms of transaction speed and fees compared to its Ethereum counterpart. The information is crucial for individuals interested in the cryptocurrency space, especially those looking to engage with TRON-based assets and explore the decentralized finance (DeFi) ecosystem.
