Justin Sun, the CEO of TRON, has commented on the controversy that is brewing around Tether, the largest stablecoin in existence. TRON recently introduced a Tether-based coin on its own blockchain, and it is now planning a reward program that will encourage users to adopt the coin. However, Sun has now declared that the reward program will be postponed:
I’ve decided to postpone our #USDT rewards program for future updates until there’s more clarity regarding @bitfinex and @Tether_to. Regardless, I firmly believe stablecoins will continue to play a big role in the blockchain space. $TRX #TRX #BTT $BTT https://t.co/xpe1eA2URK
— Justin Sun (@justinsuntron) May 1, 2019
In a much earlier tweet, Sun indicated that the TRON team had been “closely following” the Tether controversy. At that point, Sun revealed that TRON’s reward program had been rescheduled to begin on May 7th. Given that this is a separate announcement, it appears that the program has now been delayed indefinitely, although this is not entirely clear.