Today we take the next step in our journey towards stablecoin mass adoption though the introduction of USDT on the @Tronfoundation blockchain.
Read more about how Tron has become the latest blockchain to deploy Tether here: https://t.co/UrVlDXmps6
— Tether (@Tether_to) March 4, 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.
#TRON is partnering with @Tether_to, officially introducing USDT into the TRON #blockchain. This integration will elevate our dApp ecosystem, increase DEX liquidity, and enhance accessibility for Partners and institutional investors. $TRX $BTT https://t.co/OL6gFK1C0h
— TRON Foundation (@Tronfoundation) March 4, 2019
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.”
We are making big steps to achieve decentralized finance with @Tether_to. #TRON will soon have its own stablecoin! This will benefit our entire ecosystem and make it easier for institutions to access the TRON blockchain👏🏼 $TRX $BTT https://t.co/8mGcypBf9J
— Justin Sun (@justinsuntron) March 4, 2019
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.