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Tether (USDT) is Launching New Stablecoin on TRON Blockchain

Tether (USDT), the seventh most respected stable coin by market cap, has shrugged off makes an attempt by newer stablecoins to usurp it. Now, a replacement version of the tether is coming back to the Tron network.

Stablecoin Tether (USDT), that is presently sitting on a complete market cap of simply over $2 billion, has declared that it’ll be introduced on TRON’s blockchain.

According to the official announcement, the move is geared toward increasing ability with TRON-based protocols, furthermore as at enhancing the system of TRON-based decentralized applications (DApps). it’s additionally aforementioned to form the network additional accessible to enterprise-level partners and institutional investors. the businesses expect to implement USDT on Tron by early Q2 2019.

Jean-Louis der Velde, CEO at Tether, noted: 

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.

Moreover, at press time, Tether has gained 0.44 percent over the past 24 hours, trading at the value $1.01 whereas TRX stands on 10th spot, declining with 2.47 percent during the last 24 hours and trading at the value $0.22251 respectively.

Justin Sun, Jean Louis van der Velde, CEO of Tether encouraged the partnership and states;

“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.”

Recently, its total market cap has even raised to 2.1 billion at one point. Such great results prove that Tether is the future of the crypto world. One of the best features of USDT coin is its price stability. 1 USDT is always supposed to cost 1 US dollar and is always backed by it. Thus, many traders stash their funds in Tether when the market is uncertain. Such necessity of stable cryptocurrency makes USDT popular coin in the crypto world.

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