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What is the blockchain network used by Tether on Coinbase?

avatarMark IgushkinDec 18, 2021 · 3 years ago3 answers

Can you tell me which blockchain network Tether uses on Coinbase? I'm curious about the underlying technology behind Tether and how it operates on the Coinbase platform.

What is the blockchain network used by Tether on Coinbase?
Blockchain
Tether
Coinbase

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Tether, a popular stablecoin, primarily operates on the Ethereum blockchain network on Coinbase. This means that Tether transactions and smart contracts are executed and recorded on the Ethereum blockchain. The use of Ethereum provides Tether with a secure and decentralized infrastructure for its operations on Coinbase.
  • avatarDec 18, 2021 · 3 years ago
    Tether on Coinbase relies on the Ethereum blockchain network. By leveraging Ethereum's robust and widely adopted blockchain technology, Tether ensures transparency and immutability for its transactions on Coinbase. This choice of blockchain network also allows for seamless integration with other Ethereum-based decentralized applications and services.
  • avatarDec 18, 2021 · 3 years ago
    Tether on Coinbase is built on the Ethereum blockchain network. Ethereum's blockchain offers a reliable and efficient platform for Tether to operate, providing users with fast and secure transactions. Additionally, Tether on Coinbase benefits from the extensive developer community and ecosystem surrounding Ethereum, enabling further innovation and integration with other decentralized finance (DeFi) projects.

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