Cryptocurrency market update: Tether to launch another stablecoin on Tron blockchain
- The new Tether stablecoin is going to be based on Tron TRC-20 standard.
- The new development is expected to ease the transaction on Tron’s decentralized applications.
Tether, the company behind USDT, a leading stablecoin is reported to be planning to launch a new coin on Tron mainnet. Tether has had a fair share of controversy regarding its USDT token. The new token is expected to launch in the second quarter of 2019.
The news shared by Tron founder, Justin Sun has been received positively by the community who it as a breakthrough for the project. Tron has recently hard forked to introduce features that will make Tron an institutional grade digital asset.
“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.”
The new Tether stablecoin is going to be based on Tron TRC-20 standard. The new development is expected to ease the transaction on Tron’s decentralized applications. Tron decentralized development is growing significantly to the extent of surpassing EOS and Ethereum.
“… collaboration with Tether to bring a USDT TRC-20 token to TRON will bring incredible stability and confidence to users.”
Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
