Popular stablecoin Tether (USDT) is set to be introduced on the TRON (TRX) blockchain. The move is geared towards increasing interoperability with TRON-based protocols.
Tether Partnering With TRON
Stablecoin Tether (USDT), which is currently sitting on a total market cap of just over $2 billion, has announced that it will be introduced on TRON’s blockchain.
According to the official release, the move is aimed at increasing interoperability with TRON-based protocols, as well as at enhancing the ecosystem of TRON-based decentralized applications (DApps). At the same time, users will be able to exchange and transact with the USD-pegged stablecoin through the TRON Network.
Speaking on the matter, Jean-Louis der Velde, CEO at Tether, said:
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.
So far, Tether has predominantly…