Tron-based USDT to launch on April 9

Justin Sun, the CEO of Tron, announced in an interview with The Crypto Chick, that USDT-Tron will launch on April 9. He said that they are getting a lot of interest from  institutional investors because of the advantages provided by Tron:

“We’re getting lots of interest from these institutional investors. I think we’ll do everything to fulfill their requests because when the institutional investor gets into this industry they have lots of requests.”

He also stated that Tron is better than Omni (BTC Layer) and Ethereum because of its reliability, speed, and cost-effectiveness. This makes Tron the best choice for stablecoins development:

“Most of the congestion and the bad experience of the stablecoin comes from the Omni blockchain because this is an obsolete solution with extremely expensive, slow and also unreliable infrastructure for the stablecoin, so once we get to this better infrastructure I think the whole blockchain community will be benefited from this.”

Sun also said that he intends to 20 million dollars in USDT-Tron to early adopters who have created a portfolio:

“This just like the TRX – BTT airdrop we have been doing before… We just airdop assets to those addresses without touching any of the assets at all.”