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.
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
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…