Differences between eUSDT and USDT

Hi Deriv Community Members, :bulb:

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Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.

But do you know what is the difference between eUSDT and USDT ?

eUSDT is Tether as an ERC20 token (eUSDT) is a version of Tether that is hosted on Ethereum, the network that needs to be used is ERC20 when depositing.

However, USDT is Tether as an Omni token (USDT) is a version of Tether that is hosted on the Omni layer on the Bitcoin blockchain, the network that needs to be used is Omni when depositing.

Please be informed that you need to send USDT crypto for both eUSDT and USDT deposits.

Hope this information helps :bulb:

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