Tether (USDT) is the latest stablecoin that crowns our latest crypto news for its new move which will put the stablecoin in the list of native tokens on the Tron blockchain.
By partnering with the TRON Foundation, Tether will launch the dollar-pegged stablecoin as a TRC-20 token, according to an announcement this Monday. TRC-20 is a technical standard used by the Tron blockchain that helps implement tokens that are similar and compatible to the Ethereum ERC-20 standard.
This addition will allow users to transact with decentralized applications (dApps) in an easier way, as well as with all the protocols based on the Tron blockchain, according to the firms. As they said, this move will apparently improve the decentralized exchange liquidity but also make Tron more accessible to institutional investors by providing the stablecoin feature to the network.
The CEO of Tether, Jean-Louis van der Velde praised the partnership by stating:
“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.”
The new version will roll out sometime in the next quarter. As the world’s most popular stablecoin, Tether is moving big with this partnership, proving its leading top 10 place on the cryptocurrency market cap.
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