TRON, the largest decentralized network, and BTT connect BitTorrent to the world of blockchain, and stablecoin protocol Tether, announced today they are partnering to introduce USDT to the TRON blockchain.
The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) while allowing users to transact and exchange fiat pegged currencies across the TRON Network.
The companies expect to implement USDT on Tron by the early second quarter.
TRON’s been making great progress since its mainnet launch in June 2018, with rapid product iterations and high community adoption, while providing a highly smart and scalable ecosystem for blockchain developers.
Launched in October 2014, Tether was created in response to a clear market need to allow movements of funds quickly between different exchanges, while benefiting from the stability of the US Dollar. While there have been several alternative “stablecoins” launched since March 2018, Tether still enjoys a large market share.
Adding Tether to its blockchain enables TRON to greatly elevate its existing decentralized applications (DApps) ecosystem, improve overall value storage, and increase decentralized exchange (DEX) liquidity. It also makes the blockchain more accessible to the enterprise-level partners and institutional investors.
[perfectpullquote align=”full” bordertop=”false” cite=”Jean-Louis van der Velde, Chief Executive Officer of Tether” link=”” color=”” class=”” size=””]”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.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”Justin Sun, founder of TRON and CEO of BitTorrent” link=”” color=”” class=”” size=””]“Our collaboration with Tether to bring a USDT TRC-20 token to TRON will bring incredible stability and confidence to users. As we perform and execute on our vision, they can easily redeem their tokens for US dollars.”[/perfectpullquote]