GCrypto, a cryptocurrency platform embedded within the GCash app, recently announced the addition of another cryptocurrency to its roster to start 2024 with new digital assets. Tron network’s Tether (USDT)is now available for purchase, sale, and trading on the crypto platform, bringing the total number of available tokens to 27.
Okuqukethwe
Understanding USDT
Tether (USDT) is stablecoin, a cryptocurrency that is pegged to the value of a fiat currency, in this case, the United States dollar (USD). Tether is designed to maintain a 1:1 ratio with the USD, meaning that one USDT token is intended to be equivalent to one USD. It is used as a medium of exchange and a store of value in the cryptocurrency market.
The stablecoin is issued by the company Tether Limited and operates on various blockchain networks, including Ethereum (as an ERC-20 token), Tron (as a TRC-20 token), and others. According to the company, the stability of USDT is maintained through Tether Limited’s backing by equivalent reserves in U.S. dollars.
Last year, the stablecoin’s market share angena ngomfutho by 54%. This rise is attributed to challenges faced by its competitor BUSD, with issuer Paxos discontinuing stablecoin issuance under the New York Department of Financial Services’ directive.
Ethereum USDT vs. Tron USDT
The primary distinction between Tether USDT on Ethereum and TRON is the blockchain network on which they are built. Tether USDT on Ethereum is an ERC-20 token, whereas Tether USDT on TRON is a TRC-20 token. The address format of these tokens differs, with ERC-20 tokens identified by their Ethereum address, which begins with “0x”, and TRC-20 tokens using Tron addresses, which typically begin with “T”.
USDT Price to PHP
Current Cryptocurrency Selection on GCrypto
- I-Bitcoin (i-BTC)
- I-Ethereum (ETH)
- Ethereum Tether (USDT)
- Tron Tether (USDT)
- Uhlamvu lwemali ye-USD (USDC)
- Ukungashintshi (UNI)
- I-Chainlink (LINK)
- I-Aave (AAVE)
- Isitoreji Sokuqaphela Isisekelo (BAT)
- Ithokheni Yegrafu (GRT)
- I-Enjin (ENJ)
- I-Litecoin (LTC)
- I-Bitcoin Cash (BCH)
- Ukwahlukana (AVAX)
- I-Polygon (MATIC)
- I-Polkadot (DOT)
- I-Axie Infinity Shards (AXS)
- I-Smooth Love Potion (SLP)
- I-Cardano (i-ADA)
- I-Solana (SOL)
- I-Binance Coin (BNB)
- I-Stellar (i-XLM)
- I-SushiSwap (SUSHI)
- I-Ripple (i-XRP)
- I-Paxos Gold (PAXG)
- I-Shiba Inu (SHIB)
- I-ApeCoin (APE)
How to Trade on GCrypto:
- Finyelela ku-GCrypto ngohlelo lokusebenza lwe-GCash.
- Qinisekisa ukuthi isikhwama sakho semali se-GCrypto sixhaswa ngezimali, ngokungeza okungenazihibe kutholakala nge-GCash.
- Khetha i-cryptocurrency oyithandayo.
- Khetha ukuthenga noma ukuthengisa.
- Faka inani nge-PHP noma nge-cryptocurrency.
- Buyekeza futhi uqinisekise imininingwane yokwenziwe.
GCrypto Crypto Additions in 2023:
(Funda: Umhlahlandlela Wabasaqalayo ku-GCrypto | Indlela Yokuthenga Nokuthengisa I-Crypto ku-GCash)
Lo mbhalo ushicilelwe ku-BitPinas: GCrypto Expands Offerings with the Inclusion of Tron’s USDT
Disclaimer:
- Ngaphambi kokutshala imali kunoma iyiphi i-cryptocurrency, kubalulekile ukuthi uzenzele eyakho inkuthalo futhi ufune izeluleko ezifanele zochwepheshe mayelana nesikhundla sakho esithile ngaphambi kokwenza noma yiziphi izinqumo zezezimali.
- I-BitPinas inikeza okuqukethwe kwe izinjongo zokwaziswa kuphela futhi azihlanganisi iseluleko sokutshala izimali. Izenzo zakho ziwumthwalo wakho kuphela. Le webhusayithi ayinasibopho sanoma yikuphi ukulahlekelwa ongase ukuthole, futhi ngeke ifune ukuchazwa ngezinzuzo zakho.
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- Source: https://bitpinas.com/cryptocurrency/usdt-tron-network-gcrypto/
