BINANCE TO SWITCH TETHER ADDRESSES FROM OMNI TO ERC-20

Last updated: June 19, 2025, 23:25 | Written by: Laura Shin

In a significant move impacting Tether (USDT) users, leading cryptocurrency exchange Binance has announced a switch from Omni-based USDT addresses to ERC-20-based addresses for customer wallets.This transition, officially announced on July 3rd, marks a shift towards the Ethereum ecosystem for the world's most popular stablecoin. 主要的加密貨幣交易所Binance宣布，它正在從基於Omni的地址切換到客戶錢包中基於ERC-20的地址，用於穩定幣系統（USDT），根據7月3日的官方聲明。為了實現轉換The switch aims to standardize USDT transactions on Binance, leveraging the widely adopted ERC-20 standard.For users, this means a change in the deposit and withdrawal addresses used for USDT on the platform. It is worth noting that the USDT address on the Tron network (TRC-20) starts with Tx. In turn, the USDT address on the Ethereum (ERC-20) network begins with 0x. Tether (USDT) TRC-20 Is Now at Switchere. We re pleased to announce that USDT (TRC-20) issued by Tether is now available to purchase for Switchere customers. StartingThis article will provide a comprehensive overview of the transition, explaining the differences between Omni and ERC-20 USDT, detailing the implications for Binance users, and offering guidance on how to navigate these changes seamlessly.

The transition is happening to consolidate USDT operations and take advantage of the efficiencies offered by the ERC-20 standard. According to the report, from now on the Ethereum s ERC-20 based addresses will become standard, which means that exchange users won t be able to withdraw Omni-based USDT. Yet, users could deposit Omni-based USDT by sending tether to old Omni-based USDT addresses on Binance.Tether (USDT) is designed to maintain a 1:1 peg with the US dollar, acting as a bridge between the volatile crypto world and the stability of fiat currency. Sendo assim, os novos tokens ERC-20 s o criados e j s o automaticamente interoper veis com servi os e softwares com suporte ao padr o ERC-20, como carteiras, corretoras etc. Para ser compat vel com ERC-20 o contrato criado deve incluir seis fun es obrigat rias, sendo elas: totalSupply, balanceOf, transfer, transferFrom, approve eUnderstanding the underlying technology and its implications is crucial for every crypto investor.Let's delve deeper into what this change means for you and your USDT holdings on Binance.

Understanding the Shift: Omni vs. To view your ETH or ERC-20 address, navigate and select the Deposit Ether Directly tab. Then click on View Account to see and copy your address. You can now paste the Ethereum address on airdrop portals requesting an ERC-20 address to receive free tokens. How to View ERC-20 Tokens on MetamaskERC-20 USDT

Tether (USDT) exists in various forms, issued on different blockchain networks. { payload :{ allShortcutsEnabled :false, fileTree :{ :{ items :[{ name : 0x-dex-protocol-suspended-because-of-vulnerability-funds-safe-b5e .md, path : 0x-dexTwo of the most prominent implementations are Omni-based USDT and ERC-20-based USDT. Several projects are already using the technical standard, and the number of ERC-20 token contracts has grown drastically in the last couple of years. In mid-2025, there were around 5,500 ERC-20 smart contracts on the Ethereum network. In early 2025, this number grew to over 40,000 and is now more than 160,000.To understand the significance of Binance's switch, it's important to grasp the differences between these two.

Omni-Based USDT

Omni is a protocol built on top of the Bitcoin blockchain.Historically, USDT was initially issued using the Omni Layer protocol.This meant that USDT transactions were essentially embedded within Bitcoin transactions, leveraging the security of the Bitcoin network. The announcement notes that Ethereum s ERC-20 based addresses will be the standard from now on, and exchange users will not be able to withdraw Omni-based USDT; however, Omni-based USDT can still be deposited by sending tether to old Omni-based USDT addresses on Binance.However, Omni-based USDT transactions tend to be slower and more expensive due to the inherent limitations of the Bitcoin blockchain.

ERC-20-Based USDT

ERC-20 is a standard for creating tokens on the Ethereum blockchain.ERC-20 USDT utilizes the Ethereum network for transactions.This generally results in faster transaction speeds and lower fees compared to Omni.The Ethereum network also boasts a vast ecosystem of decentralized applications (dApps) and smart contracts that are compatible with ERC-20 tokens, enhancing the utility of USDT.

Essentially, this move by Binance is shifting users from a less efficient, Bitcoin-based standard for USDT to a more efficient, Ethereum-based standard.

Binance's Implementation: What to Expect

Binance has outlined a specific process for this transition, designed to minimize disruption for its users. ERC-20, ERC-1155, ERC-223, ERC-721 what s the difference? ERC-20 was the first (and, to date, the most popular) Ethereum token standard, but it s by no means the only one. Over the years, many others have emerged, either proposing improvements on ERC-20 or attempting to achieve different goals altogether.Here’s what you need to know:

Suspension of Deposits and Withdrawals: Binance temporarily suspended USDT deposits and withdrawals for approximately 30 minutes to facilitate the address change.
Address Change: During this period, all USDT deposit and withdrawal addresses were switched from Omni-based to ERC-20-based.
ERC-20 as Default: ERC-20 addresses are now the default setting for USDT transactions on Binance.
Withdrawal Restrictions: Binance users will no longer be able to withdraw Omni-based USDT.
Deposit Compatibility: Users can still deposit Omni-based USDT by sending it to their old Omni-based USDT addresses on Binance. In order to avoid unnecessary losses due to wrong addresses, special attention should be paid to the different address styles of the two types of networks. Conclusion In summary, With the analysis of the two networks ( Tether(USDT) TRC20 and ERC20) above.This ensures a smooth transition for users still holding Omni-based USDT elsewhere.

Step-by-Step Guide to Managing the Transition

Here's a practical guide to help you navigate this change on Binance:

Check Your Binance USDT Deposit Address: Log in to your Binance account and navigate to the deposit section for USDT.Verify that your deposit address is now an ERC-20 address. The BEP-20 standard is used in the Binance Smart Chain (BSC) network, which is a parallel network of Binance Chain. BEP-20 addresses follow the same format as ERC-20 addresses, starting with theERC-20 addresses typically start with ""0x"".
Update Withdrawal Addresses: If you have saved any USDT withdrawal addresses in your Binance account, ensure they are ERC-20 addresses.Delete any old Omni-based addresses to avoid accidental transactions.
Be Mindful of Network Selection: When withdrawing USDT from Binance to another platform or wallet, carefully select the ERC-20 network as the withdrawal network.Choosing the wrong network can lead to loss of funds.
Double-Check Addresses: Always double-check the recipient address before sending any USDT. Tether USDT is traded on numerous cryptocurrency exchanges, including Binance, CoinW, Bitfinex, and Kraken. Tether USDT acts as a bridge between cryptocurrency and fiat currency, narrowing the gap between the two. It offers investors a simple way to obtain one-to-one trades with the US dollar without the inherent volatility of otherThis is crucial to prevent errors and ensure your funds reach the correct destination.

Why the Switch to ERC-20?Benefits for Binance Users

The move to ERC-20-based USDT offers several benefits for Binance users:

Faster Transactions: ERC-20 transactions on the Ethereum network are generally faster than Omni-based transactions.
Lower Fees: Ethereum transaction fees are often lower than those associated with the Bitcoin network.
Wider Compatibility: ERC-20 is a widely supported standard, making it easier to integrate USDT with various wallets, exchanges, and dApps.
Improved User Experience: The transition streamlines USDT transactions, making it more convenient for users to deposit and withdraw USDT on Binance.

Common Questions and Concerns

What happens if I accidentally send ERC-20 USDT to an Omni address?

Sending ERC-20 USDT to an Omni address is highly likely to result in the loss of funds. O an ncio observa que os endere os baseados no ERC-20 da Ethereum ser o o padr o a partir de agora e os usu rios da exchange n o poder o retirar o USDT baseado em Omni; no entanto, o USDT baseado em Omni ainda pode ser depositado em endere os antigos do USDT baseados em Omni na Binance.The two networks are incompatible, and the transaction will likely not be processed correctly. See full list on coinguides.orgAlways double-check the recipient address and network before sending any USDT.

Can I still withdraw Omni-based USDT from Binance?

No, Binance has disabled withdrawals of Omni-based USDT.You can only withdraw USDT using the ERC-20 network.

What if I have Omni-based USDT on another exchange or wallet?

You can still deposit Omni-based USDT to your Binance account. J Cryptocurrency exchange Binance announces that it will now support ERC-20-based USDT wallet addresses, switching from the old Omni-based addresses that its customers have been using. There are 2 implementations of USDT (Tether), one is Omni-based and the other is ERC-20 based.However, you'll need to use your old Omni-based USDT deposit address. Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to know where to buy ERC20, which is currently not listed on Binance, you can follow the step-by-step guide below. The most straightforward way is to find a reliable centralized exchange where you can buy ERC20, similar toOnce the USDT is in your Binance account, it will be treated as ERC-20 USDT. p Binance to shut down tether withdrawals and deposits to switch to ERC-20 /pYou can then withdraw it using the ERC-20 network.

What is the difference between ERC-20 and TRC-20 USDT?

ERC-20 USDT is issued on the Ethereum blockchain, while TRC-20 USDT is issued on the Tron blockchain.Both are popular standards, but they operate on different networks.ERC-20 addresses start with ""0x"", while TRC-20 addresses typically start with ""T"".

The Significance of ERC-20: A Deeper Dive

The ERC-20 standard has revolutionized the token ecosystem on Ethereum.It provides a standardized set of rules and functions that all tokens must adhere to, ensuring interoperability and compatibility across various applications.

Key Features of ERC-20

Standardized Interface: ERC-20 defines a standard interface for token contracts, including functions like totalSupply, balanceOf, transfer, and approve.
Interoperability: ERC-20 tokens can be easily integrated with wallets, exchanges, and dApps that support the standard.
Programmability: ERC-20 tokens can be programmed with custom logic and features, allowing for the creation of complex financial instruments.

The widespread adoption of ERC-20 has fostered a thriving ecosystem of tokens and decentralized applications on Ethereum.This is why Binance's move to ERC-20 for USDT is a natural progression, aligning with industry standards and offering enhanced functionality.

Beyond ERC-20: Exploring Other Token Standards

While ERC-20 is the most popular token standard, other standards exist on Ethereum, each with its unique features and use cases:

ERC-721: Used for non-fungible tokens (NFTs), where each token is unique and represents a distinct asset.
ERC-1155: Allows for the creation of both fungible and non-fungible tokens within a single contract.
ERC-223: Aims to improve upon ERC-20 by preventing accidental token loss due to incorrect contract interactions.

Understanding these different standards can provide valuable insights into the diverse applications of blockchain technology.

Security Considerations: Protecting Your USDT

Regardless of the network used for USDT transactions, security should always be a top priority.Here are some essential tips for protecting your USDT:

Use a Secure Wallet: Choose a reputable wallet with strong security features, such as two-factor authentication and encryption.
Enable Two-Factor Authentication (2FA): Enable 2FA on your Binance account and any other platforms where you store USDT.
Be Wary of Phishing Scams: Be cautious of suspicious emails, websites, or messages that attempt to steal your login credentials or private keys.
Keep Your Software Up-to-Date: Keep your wallet software, operating system, and antivirus software up-to-date to protect against vulnerabilities.
Use a Hardware Wallet: For long-term storage of USDT, consider using a hardware wallet, which provides an extra layer of security by storing your private keys offline.

The Future of USDT and Stablecoins

Stablecoins like USDT play a crucial role in the cryptocurrency ecosystem, providing a stable store of value and facilitating trading and lending activities. 2.5M subscribers in the ethereum community. Next-generation platform for decentralised applications. Dive in at ethereum.orgAs the crypto industry continues to evolve, we can expect to see further innovation in the stablecoin space.

Potential Future Developments

Increased Regulatory Scrutiny: Stablecoins are facing increasing regulatory scrutiny from governments around the world. Major cryptocurrency exchange Binance has announced that it is switching from Omni-based addresses to ERC-20-based addresses in customer wallets for the stablecoin tether (USDT), according to anFuture regulations could impact the issuance and use of stablecoins.
Central Bank Digital Currencies (CBDCs): Central banks are exploring the possibility of issuing their own digital currencies.CBDCs could compete with stablecoins in the future.
Algorithmic Stablecoins: Algorithmic stablecoins use algorithms to maintain price stability. Major cryptocurrency exchange Binance has announced that it is switching from Omni-based addresses to ERC-20-based addresses in customer wallets for the stablecoin tether (USDT), according to an official announcement on July 3. The announcement notes that Ethereum s ERC-20 based addresses will beThese stablecoins are still in their early stages of development, but they have the potential to offer greater decentralization and transparency.

Staying informed about these developments is crucial for understanding the future of USDT and the broader stablecoin market.

Conclusion: Embracing the ERC-20 Standard

Binance's switch to ERC-20-based USDT addresses is a positive step towards streamlining USDT transactions and enhancing user experience. Binance exchange has announced today a major changes in in USDT addresses. It will be switching USDT addresses from OMNI-based addresses to ERC20-based, As quoted bellow: Binance will suspend USDT deposits and withdrawals for approximately 30 minutes starting at (UTC).By adopting the widely supported ERC-20 standard, Binance is aligning with industry best practices and leveraging the benefits of the Ethereum network. Binance to Switch Tether Addresses from Omni to ERC-20As a Binance user, understanding these changes and taking the necessary steps to adapt is crucial for ensuring smooth and secure USDT transactions.This transition emphasizes the ever-evolving nature of the cryptocurrency landscape, and the importance of staying informed and adaptable.Remember to always double-check addresses, select the correct network, and prioritize security to protect your USDT holdings.Key takeaways:

Binance now uses ERC-20 addresses for USDT by default.
You can still deposit Omni-based USDT to your old addresses.
Withdrawals are ERC-20 only.
ERC-20 offers faster and cheaper transactions.
Always double check addresses before sending USDT.

By understanding the nuances of this switch to ERC-20, you can confidently navigate the cryptocurrency world and continue to leverage the benefits of Tether (USDT) on the Binance platform.