Tether will release a new version of stablecoin on the Tron blockchain

TRON and Tether to launch a new stablecoin on TRON blockchain

Tether will release a new version of stablecoin on the Tron blockchain

Tether Partner has announced plans to release a new version of its stablecoin on the Tron blockchain in the next quarter of 2019.

As before, the cryptocurrency will be pegged to the US dollar at a 1: 1 ratio, but will be a TRC-20 token that is similar and fully compatible with Ethereum’s ERC-20. The company has already partners with the Tron Foundation development team to launch USDT on the new platform.

Partners expect stablecoin will make it easier for users to interact with some decentralized applications and protocols based on Tron, and will also increase the liquidity of the TRX virtual currency by making its more accessible to institutional investors. According to the leadership of Tether, the new format of coins will contribute to the further development of the crypto industry and will meet the growing demand of society for digital assets..

IN at the moment USDT operates on the Bitcoin and Ethereum blockchains, being the most popular stablecoin, and takes the 7th position in terms of capitalization in the cryptocurrency market. According to Tron Founder and CEO Justin Sun, the collaboration will boost the confidence of the platform’s users by allowing them to redeem tokens for US dollars..

As a reminder, Facebook also plans to launch its own cryptocurrency in the first half of 2019..

text: Ivan Malichenko, photo: criptomonedaseico

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