Tron Partners With Tether to Launch TRC20-Based Stablecoin
HomeCryptocurrency NewsCryptocurrencies Latest News

Tron Partners With Tether to Launch TRC20-Based Stablecoin

Tether (USDT), the seventh most valuable crypto asset by market cap, has shrugged off attempts by newer stablecoins to usurp it. Now, a new...

China’s Position on Crypto Likely to Harden Under New PBOC Governor
Tax Time is Here and Lots of Cryptocurrency Holders Don’t Care
Major Korean Exchange Launches in Indonesia with Six Cryptocurrencies

Tether (USDT), the seventh most valuable crypto asset by market cap, has shrugged off attempts by newer stablecoins to usurp it. Now, a new version of tether is coming to the Tron network.

Also Read: Gibraltar Exchange to List Bitcoin Cash Fiat Trading Pairs

Tether to Trade on Tron

Tron is officially partnering with Tether to launch a TRC20-based version of the USDT stablecoin, according to a statement from both ventures. Adding the dollar-pegged coin to its blockchain is meant to elevate Tron’s existing ecosystem of decentralized applications (dapps), improve overall value storage, and increase its decentralized dxchange (DEX) liquidity. It is also said to make the network more accessible to enterprise-level partners and institutional investors. The companies expect to implement USDT on Tron by early Q2 2019.

Tron Partners With Tether to Launch TRC20-Based Stablecoin

“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,” commented Jean-Louis van der Velde, chief executive officer of Tether.

Tokens Used for Stablecoins, Games, Torrents

TRC‌20 is a technical standard used for smart contracts on the blockchain for implementing tokens with the Tron Virtual Machine (TVM), similar to Ethereum’s ERC‌20. “Our collaboration with Tether to bring a USDT TRC20 token to Tron will bring incredible stability and confidence to users,” said Justin Sun, founder of Tron and CEO of Bittorrent. “As we perform and execute on our vision, they can easily redeem their tokens for US dollars.”

Tron Partners With Tether to Launch TRC20-Based Stablecoin

In the Daily on Monday we reported that Tron Arcade and Mixmarvel have teamed up to bring the online game Slither.io to the blockchain. Hypersnakes, the blockchain version of the multiplayer worm-like game, allows players to compete and earn TRX without a wallet, making it easier to acquire the cryptocurrency. The Bittorrent token (BTT) is another example of a digital coin based on the Tron protocol.

What do you think about Tron partnering with Tether? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Tron Partners With Tether to Launch TRC20-Based Stablecoin appeared first on Bitcoin News.



from Bitcoin News https://ift.tt/2Vzf4Wv
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: Tron Partners With Tether to Launch TRC20-Based Stablecoin
Tron Partners With Tether to Launch TRC20-Based Stablecoin
https://news.bitcoin.com/wp-content/uploads/2019/03/usdt-768x576.png
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2019/03/tron-partners-with-tether-to-launch.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2019/03/tron-partners-with-tether-to-launch.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy