Popular cryptocurrency project TRON has just entered into a strategic partnership with the world’s most popular stablecoin issuer Tether. The new partnership will see USDT being issued as a native token on TRON’s blockchain, compliant to TRC-20 token standard. USDT is already compatible with Bitcoin and Ethereum’s blockchain.
USDT is a stablecoin which is pegged to the price of one dollar. Despite controversies surrounding its actual holdings, USDT has emerged as the most popular stablecoin in the world. The new partnership will make USDT compatible with TRON’s protocol and the dapps built on the TRON network.
The partnership will also expand the capabilities of the TRON network, by providing a stablecoin option to investors and developers. Both TRON and TRX will benefit from the liquidity present in each others’ networks. USDT will be available on TRON’s network from Q2 2019.
TRON has been making a lot of moves in the cryptocurrency space recently. The first token on its blockchain – BitTorrent – saw significant interest from the community and its token sale was completed in 15 minutes. USDT, in contrast, hasn’t been a lot in the news recently. However, it saw a significant uptick in India when it was added to Koinex, India’s largest cryptocurrency exchange.
Both TRON founder Justin Sun and Tether took to Twitter to announce this partnership: