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The Lux DeFi

What Is Ethereum?

Ethereum is a blockchain for smart contracts and apps — and the home of ERC20 tokens including USDT on Ethereum mainnet.

  • 7 min read
  • Updated 2026-06-15

More than a coin

Ether (ETH) pays for computation on Ethereum. Most DeFi and many stablecoin transfers on Ethereum use ERC20 — a token standard wallets like MetaMask understand.

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