There are always peculiar developments in the cryptocurrency to take note of. Especially where stablecoins are concerned, there are plenty of things to take into consideration. Tether, the creators of the USDT stablecoin, are now bringing their popular token to the Tron network. This development further confirms the Tron blockchain is here to stay, as these tokens will be used for native dApps and protocols.
Tether Sees Merit in TRC-20 Tokens
It is always interesting to see how the demand for stablecoins is seemingly not slowing down. Despite numerous competitors launching their own USD-backed tokens and assets in the past year, it seems USDT is still the main solution in this ecosystem. As such, parent company Tether is always looking for ways to effectively improve its market position and tap into new markets at the same time.
While most of the USDT tokens are issued on the OMNI protocol, there is also an Ethereum-based variant in the form of ERC-20 USDT tokens. That in itself has been a pretty interesting development,…