Justin Sun, on Tether partnership: "TRX will have its own stablecoin"

04 Mar, 2019 | Updated: 04 Mar, 2019
by Alberto Arnaldo
News
Justin Sun, on Tether partnership: TRX will have its own stablecoin

Tron and Tether will be joining forces, according to recent reports coming from both companies and from crypto media alike.

After acquiring BitTorrent and launching the BTT token earlier this year, and following a hard fork on the 28th of February, Tron appears to have stricken another goal on their growth race.

Read more: Justin Sun: "the more successful BTT is, the more successful TRX will be"

Tether, the company that issues and pegs USDT, already has BTC and ETH based versions of their US dollar pegged token, and will now launch an ERC20-based one that will foster interoperability with Tron protocols and dapps, while allowing for transacting and exchanging fiat-pegged tokens across the TRX blockchain, according to the press release published earlier today by Tether.

Reports from Cointelegraph assure that the partnership will be launched during the second quarter of 2019. Justin Sun has celebrated the event on Twitter, going on to state that "TRON will have its own stablecoin":

Read more: Does Tether really have $1.8 Billion back up funds? New report casts doubts

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Poll

Does Tether really have its USDT backed up?

(28 votes)

Add a comment

good for tether to be example for new stablecoin creation
04 Mar, 2019 - 21:19
sure! as Tron goes well it can take an example from the well developed Tether
05 Mar, 2019 - 08:43
tether is an inspiration which can help new coins. hope tron will not make just a copy
19 Mar, 2019 - 00:12
great news for trx ) it would be great partnership )
04 Mar, 2019 - 22:27
Tron and Tether are preparing really good collaboration.
04 Mar, 2019 - 22:29
looks like TRX has decided to use help of the dominant stable coin tether and together i think they will be able to create even more interesting and reliable assets
05 Mar, 2019 - 12:03
lets see what will be the final outcome of this very interesting cooperation of tether and TRON
11 Mar, 2019 - 15:31
it would be nice if the deposits with tether would be as usual as bank deposits in the world...
07 Mar, 2019 - 22:01
thanks to tether people have so many opportunities, not only to save money but also to earn
08 Mar, 2019 - 08:48
tether' model has proved it over time and showed that market is definitely interested in such kind of asset. now TRX would love to create same stable coin using their network
09 Mar, 2019 - 10:20
the tether's experiences are huge so tron has to learn from it. nevertheless, usdt on tron is good idea as well
12 Mar, 2019 - 05:47
It's a high level for tether
14 Mar, 2019 - 23:00
Tron project looks very promising. That is very good for tether to partner with it
19 Mar, 2019 - 05:13
Even this position will not make BNB any stringer – so my predictions is that Tether will come back and replace it
21 Mar, 2019 - 10:02
Justin Sun is very smart guy and he sees a lot of potential in the model of tether
21 Mar, 2019 - 12:00
trx - usdt partnership is a step to the decentralization
22 Mar, 2019 - 09:31

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