Tron (TRX) Partnership with Tether (USDT)
Tether issuer of USDT and Tron (TRX) announced a partnership to introduce USDT on Tron blockchain by the second quarter of 2019.
The upcoming USDT token is a TRC-20 token based on Tron blockchain. TRC20 tokens are compatible with Tron blockchain and faster than ERC-20 tokens that are based on Ethereum blockchain.
USDT is a stablecoin backed by the U.S dollar whose value must be equal to one dollar in all respects. USDT allows users to trade Bitcoin and other cryptocurrencies on exchanges with almost the same value as in fiat currency.
USDT can easily be transferred between exchanges and users with a negligible fee as compared to the fee to transfer fiat currency.
Tron (TRX) acquire 10th rank on the coinmarketcap and called itself the competitor of Ethereum (ETH). Tron believes that the addition of USDT to the ecosystem will improve the overall storage value and liquidity of the decentralized (DEX) exchange.
Tron hardfork is successfully implemented which was held on 28 Feb. The hardfork makes the Tron network more secure and expand the compatibility of dapps.
BitTorrent token (BTT) is the first token launched on Tron blockchain. BitTorrent (BTT) initial coin offering (ICO) was done by the Binance launchpad. The ICO raised $7.1 million dollars in just 15 minutes.
USDT faced some problems when the dollar reserves are less than the total circulation supply. USDT conquer the stablecoin market.
