NOWNodes is a great opportunity to join USDT (ERC20) blockchain or to lighten you crypto infrastructure. Connect to full USDT (ERC20) node, block explorer and testnet now!
Tether (USDT) is essentially a cryptocurrency known as a stablecoin, which is pegged to the U.S. dollar and is backed by Tether's reserves, according to their official website. This is a type of cryptocurrency that aims to maintain a steady valuation; in other words, it aims to maintain a value as close to $1 as possible.
The goal of this type of cryptocurrency is to be an alternative to other cryptocurrencies, which are volatile in value, and can suddenly increase or decrease in value. Tether is typically used by investors that aim to avoid the volatility which is typical of cryptocurrencies whilst also holding funds within the crypto space within their cryptocurrency wallets.
When we look at ERC20-USDT specifically, this refers to USDT, which has been issued by the Terhet network on top of the Ethereum Network. Keep in mind that the cryptocurrency is identical to the one issued on other blockchains; however, it aims to ensure that the transactions are much cheaper when done on top of the Ethereum network by following the ERC20 token standard.
Tether was launched this way in the form of a new transport layer as a means of making the Tether Tokens available in Ethereum Smart contracts or decentralized applications (dApps).
Despite the existence of many other cryptocurrencies, USDT has a lot of advantages and here are just a couple of them.
Tether USDT (ERC20) is a stablecoin, and as such, this means that its value will be closely tied to the U.S. dollar, or at $1 as closely as possible, which will allow investors to have peace of mind when entering the crypto space or to utilize the various features of blockchain technology without the risk of volatility.
due to the fact that this version of Tether's USDT is launched under the ERC20 token standard, this makes the stablecoin compatible with any smart contract and any decentralized application (dApp) which has been launched on top of the network.
there have been a lot of stablecoin projects within the crypto sphere, and some of them have failed or collapsed. Tether's USDT is one cryptocurrency that has stood the test of time and has maintained its stability, ensuring peace of mind for investors
Tether (USDT) is available on multiple blockchain networks, and with NOWNodes, you can seamlessly access over 100 different blockchains that support Tether transactions.
If you are interested in leveraging the unique use-cases and stability of the Tether stablecoin, you can easily create your own decentralized applications (dApps) or smart contracts on supported networks such as Ethereum, Binance Smart Chain, Tron, and many others.
With NOWNodes, you gain real-time access to comprehensive blockchain data, including transaction details, wallet addresses, balance history, block height, difficulty, and more across various networks where Tether is available.
To get started, simply visit the official NOWNodes website, enter your email address, and click on the "GET FREE API KEY" button. Once you receive your API key, you can explore our documentation, which provides numerous codes and commands to help you connect effortlessly.
NOWNodes offers secure RPC connections with an impressive uptime of 99.95%, ensuring reliable and fast access to blockchain data across the supported networks where Tether USDT is available.
By connecting to a Tether USDT (ERC20) block explorer, you are essentially synchronizing with the network, after which you can get access to any type of data that you require from the network in real-time.
Through going over and analyzing all of the various aspects surrounding the blockchain, you are provided with the opportunity to access details of a specific block, which can include the number of transactions, block height alongside any other type of data.
Keep in mind that the API has an uptime of 99.95%, and you can connect to it within the span of less than a second.
