Tether operations limited, the trust currency conversion company in cryptocurrencies recently issued USDTs on the Tron network, based on the TRC-20 protocol. These are dollar-indexed stablecoins that allow crypto-users to make fast, transparent transactions on the Tron network.
The USDT-Tron set up
Tron is one of the most promising crypto-currencies in the digital currency ecosystem. Its token, TRX is now recognized for its speed and efficiency in international payments.
Recently, his network hosted a new stablecoin through a partnership with Tether.
The new USDT-Tron Stablecoin can now be used on the Tron Blockchain.
As the boss of the company, Justin Sun, announced on Twitter:
“Today, the USDT is launched on the Tron Blockchain. USDT is issued by Tether on Tron network based on the TRC20 protocol.
In addition, he adds:
“There will also be a total reward of 20 million US dollars for 100 days. USDT will be fast, free and smart. “
— Justin Sun (@justinsuntron) March 21, 2019
Justin Sun insists on adding a new stablecoin in the Tron ecosystem
Tron’s USP has clearly insisted on introducing the USDT into its network to speed up transaction processes, particularly constrained by the current system which it describes as obsolete and costly.
He declares :
“The current solution is very outdated and extremely expensive, slow and unreliable for other stablecoins. So, once we have acquired the USDT-Tron infrastructure, I think the entire Tron community and the entire Blockchain community will benefit from the abandonment of Bitcoin. “
What do you think of the USDT-Tron partnership? Give us your opinion in the comments section.