TRC-20 Token

A TRC-20 token is a fungible token created by a smart contract on the TRON blockchain that follows the TRC-20 technical standard. The standard defines a common set of functions, such as checking balances, transferring tokens and approving others to spend them, and is closely modelled on Ethereum's ERC-20, so wallets and exchanges can support any TRC-20 token in the same way. The most widely used is the TRON version of Tether (USDT), which has become one of the largest stablecoin networks by transfer volume, popular for exchange transfers, trading and cross-border payments in emerging markets because of its low fees. Fees on TRON are paid with resources called bandwidth and energy, obtained by staking or burning TRX. TRC-20 tokens differ from the protocol-level TRC-10 standard. Sending tokens to an address on the wrong network can cause them to be lost.