Tether, the leading stablecoin, has announced that it will soon be available on the TRON blockchain. Tether revealed the news on Monday morning, and TRON confirmed the announcement minutes later. What will happen next is not entirely clear: the official statement suggests an imminent release, while other sources are suggesting a Q2 launch.

Why Tether Is Being Ported

Tether is a cryptocurrency that is tied to the value of the US Dollar, and its token (USDT) derives its value from a reserve of the currency. This means that Tether’s value is based on real assets, even though it is tracked on a blockchain.

The company explains that the stablecoin is “blockchain agnostic”—in fact, Tether was originally created for Bitcoin, but was added to…

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Source: https://thebitcoinnews.com/tether-is-being-ported-to-the-tron-blockchain/