Tether will release stablecoin USDT on the Tron blockchain
“In order to achieve the mass distribution required to fulfill our mission, Tether initially thought as an independent tool from a specific blockchain. Since launch is he gained popularity as a token on blockchain bitcoin and the Omni Layer protocol. Later appeared Ethereum-Tether version compatible with ERC20 standard “, – writes Tether announced on his website.
USDT token of TRC20 standard will be compatible with by all protocols and decentralized applications on Tron base and supposedly, will allow “Raise liquidity on a decentralized exchange (DEX) “and also make Tron more accessible for institutional investors. TRC20-USDT launch must take place in the second quarter of this of the year.
“This integration demonstrates our commitment to diffusing innovation across cryptocurrency space as we continue to prepare to meet the needs of the digital community assets“, – quoted by CoinDesk CEO Jean-Louis van der Velde’s tether.
“Cooperation with Tether on question launching the USDT token based on the TRC20 standard will provide our users increased stability and endow their confidence, – stated Tron CEO Justin Sun, adding that USDT tokens can be will be easily withdraw in dollars USA.
Tron recently updated its protocol, also targeting institutional investors.