The developer of the blockchain protocol Tron and the issuer of Tether's stableblocks have announced the start of cooperation, under which the USDT token will be launched in the Tron network. This writes the Cointelegraph .
The USDT token of the TRC20 standard will be compatible with all protocols and decentralized Tron-based applications and is expected to “improve liquidity on the decentralized exchange (DEX) ”, and also make Tron more accessible to institutional investors. The launch of the TRC20-USDT should be held in the second quarter of 2019.
We are making big steps to achieve decentralized finance with @Tether_to . #TRON will have its own stablecoin! It is a benefit of the blockchain $ TRX $ BTT https://t.co/8mGcypBf9J
– Justin Sun (@justinsuntron) March 4, 2019
"This integration demonstrates our commitment to the spread of innovation in the cryptocurrency space, while we continue to prepare to meet the needs of the community that has evolved around digital assets," Jean-Louis van der Velde, CEO of Tether, quotes.
“Collaborating with Tether on launching the USDT token based on the TRC20 standard will provide our users with increased stability and give them confidence,” said Tron CEO Justin Sun, adding that USDT tokens can be easily withdrawn in US dollars. ”
Tron recently updated its protocol, also focused on institutional investors.
Publication date 05/03/2019
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