Are usdc and usdt addresses the same?

USDC and USDT have different address formats: USDC starts with "0x", followed by 40 hexadecimal characters, and is compatible with Ethereum addresses. The address of USDT varies depending on its chain: ERC-20USDT: starts with "0x" followed by 40 hexadecimal characters. TRC-20USDT: Starts with "TX", followed by 34 hexadecimal characters. BEP-20USDT: Starts with "0x", followed by 40 hexadecimal characters.

#Are the addresses of USDC and USDT the same?

No, USDC and USDT have different address formats.

USDC address

• starts with the letters "0x" followed by 40 hexadecimal characters.
• Compatible with Ethereum addresses, indicating that USDC is built on the Ethereum blockchain.

USDT Address

• For ERC-20 USDT (based on Ethereum): starts with "0x" followed by 40 hex character.
• For TRC-20 USDT (based on Tron): Starts with "TX", followed by 34 hexadecimal characters.
• For BEP-20 USDT (based on Binance Smart Chain): starts with "0x", followed by 40 hexadecimal characters.

Why

USDC and USDT are different stablecoins, although they are both pegged to the value of the U.S. dollar. They run on different blockchains and therefore have different address formats.

Additional Information

• USDC is issued by Coinbase and Circle.
• USDT is issued by Tether.
• Although USDC and USDT have different addresses, they can be exchanged on many cryptocurrency exchanges and wallets.

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