Tether will release a new stableblock on the Tron

The issuer of steblcoins Tether and the developer of the Tron protocol have announced a partnership in which the USDT token will be launched on the Tron blockchain. The new asset will join the Tether family of steblokoins on Bitcoin and Ethereum blockchains.

On the @Tronfoundation blockchain.

Read more about how to get it Tether here: https://t.co/UrVlDXmps6

– Tether (@Tether_to) March 4, 2019

The USDT token of the TRC-20 standard will be compatible with all protocols and decentralized Tron-based applications. Its launch is expected in the second quarter of this year.

The statement also says that Tether was originally conceived as a tool that would not depend on any one blockchain.

“Since its launch, it has gained wide popularity as a token on the bitcoin blockchain and the Omni Layer protocol, and later on the Ethereum blockchain base in the version compatible with the ERC-20 standard, ” said Tether CEO Jean-Louis van der Velde.

According to him, the USDT token of the TRC-20 standard will be the next step in the development of the company and demonstrates its commitment to spreading innovation in the cryptocurrency space and striving to meet the needs of the community formed around digital assets.

Meanwhile, the head of the Tron Foundation, Justin Sun, said that, along with Tether, Tron is taking an important step towards decentralized finance. According to him, the emergence of its own stablecock will favorably affect the entire ecosystem and facilitate institutional investors access to the Tron blockchain.

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

Despite the fact that Tether is the most famous and popular steakbcoin among many other projects and is among the top ten CoinMarketCap in terms of capitalization, the project has been accompanied by various speculations for a long time, in particular regarding whether the USDT token is 1: 1.

In addition, the company experienced problems with banking services, only at the end of 2018, announced cooperation with Deltec Bank – a small financial institution from the Bahamas. The company also submitted a letter to the bank , on the basis of which it possesses sufficient funds to ensure the total volume of issued USDT tokens.

At the same time, it should be noted that Tether Limited has still not been audited, which would confirm that it has the necessary funds. At the same time, at the end of December, Tether’s solvency was partially confirmed .

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