Summary: USDT is a token launched by Tether based on the stable value currency U.S. dollar (USD) and is known as Tether USD (USDT). It guarantees that the value of 1 USDT = 1 U.S. dollar remains unchanged, and users can use USDT to exchange 1:1 with USD at any time.
So far, USDT has been issued on three public chains, namely Omni-USDT, ERC-USDT based on Ethereum, and TRC-USDT based on Tron.
First type: USDT-Omni is the USDT issued by Tether based on the BTC network, the deposit and withdrawal of assets are carried out on the BTC network. The protocol used by USDT-Omni is the omni layer protocol built on the BTC blockchain network. (Note: Your BTC deposit address in WenX is different with the USDT deposit address. If the deposit address is wrong, your deposit will not be received.)
Block explorer: https://omniexplorer.info/asset/31
Second type: USDT-ERC20 is the USDT issued by Tether based on the ETH network, the deposit and withdrawal of the assets are through the ETH network. USDT-ERC20 uses the ERC20 protocol. (Your ETH deposit address in WenX is the same as the ERC20-USDT deposit address)
Contract address: https://etherscan.io/address/0xdac17f958d2ee523a2206206994597c13d831ec7
Third type: USDT-TRC20 (USDT-TRON) is the USDT issued by Tether based on the TRON network, the deposit and withdrawal of the assets are carried out through the TRON network. USDT-TRC20 (USDT-TRON) uses the TRC20 protocol. (There is no transaction fee for withdrawal) (Your TRX deposit address in WenX is the same as the TRC20-USDT deposit address)
Contract address: https://tronscan.org/#/contract/TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t/code