Today we take the next step in our journey towards stablecoin mass adoption though the introduction of USDT on the @Tronfoundation blockchain.
Read more about how Tron has become the latest blockchain to deploy Tether here: https://t.co/UrVlDXmps6
— Tether (@Tether_to) March 4, 2019
According to the announcement, the new TRC-20-based USDT will enable interoperability between TRON-based protocols and decentralized applications while enabling users to transact with fiat pegged currencies across the TRON network.
In the announcement, Tether CEO Jean-Louis van der Velde said, “We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.”
Tron CEO Justin Sun added, “collaboration with Tether to bring a USDT TRC-20 token to TRON will bring incredible stability and confidence to users.”
USDT currently holds a market cap of over $2.04 billion, making it the seventh-largest digital asset.
Photo: Marco Verch / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.