Altcoins News
By Steven Anderson
1 / 10
Transaction Fees
2 / 10
Stablecoins have become an important part of the cryptocurrency ecosystem. Huge numbers of crypto users today store their funds in stable coins to dodge the volatility of crypto…
3 / 10
In this article, we will briefly compare ERC-20 based stable coins such as Tether (USDT), USDC, TUSD with those built on top of XinFin XDC Hybrid Blockchain.
4 / 10
We tested stable coins based on both the Ethereum blockchain and on XinFin.
5 / 10
For a $50 transaction in the ERC-20 stable coin, the network charged a transaction fee, also known as gas, equivalent to 0.004079691 ETH or $0.93.
6 / 10
This signifies that users must pay a transaction fee of approximately 2% for sending payments in an ERC-20-based stable coin.
7 / 10
Transaction Hash: https://etherscan.io/tx/0x9b97c187360be65c9f26dd2911bb832723aef49871b63a838b0938b96cb12c41
8 / 10
Even though ERC-20 stable coins have higher transaction fees, their transaction settlement time is also greater than that of XinFin-based stable coins.
9 / 10
ERC-20 stable coin transactions take between 10 to 20 seconds for settlement. On the other hand, XinFin stable coin transactions take five to ten times less and settle almost…
10 / 10
Tools to access stable coin are web wallet, Mobile Wallet, XinPay
The Currency Analytics
Want the full story?