USDT-TRON Stablecoin Is Going To Be Listed On OKEx

The fourth largest exchange for Bitcoin, OKEx, is making headlines today. As we previously mentioned, Tether has been expanding its USDT product to the Tron blockchain. In the recent cryptocurrency news, however, the community has embraced OKEx’s decision to list the USDT-Tron pair on the exchange.

OKEx Lists USDT-Tron As 4th Largest Bitcoin Exchange

Standing as fourth largest Bitcoin exchange by adjusted volume, OKEx has recently announced:

In order to meet users’ demand for stablecoin trading, OKEx will support USDT-TRON, the TRC-20 based USDT token co-developed by TRON and Tether, as well as the airdrop for USDT-TRON holders. By then, OKEx will support three protocols of USDT, namely USDT-Omni, USDT-ERC20, and USDT-TRON. Please stay tuned for our further announcements.

What’s important is the fact that centralized exchanges are not the real beneficiary of USDT-Tron right now. However, the majority of the Tron tokens trade on decentralized exchanges which run on the Tron blockchain. TRX itself has some stablecoin markets including Binance.

As soon as USDT-Tron is live, the liquidity of the Tron economy will reshape and every token will have a price in both TRX and fiat. It will be similar to ERC-20 assets and their price in fiat – in fact fiat and demand have their own way of dictating the actual value of the tokens.

The Real Benefit OF USDT-TRX

USDT-TRON is currently great for TRX tokens. Since Tether (USDT) is the oldest pegged stablecoin, it has some authority on the market. The real question right now, however, is who will be next to cross the blockchain barriers since most of the stablecoins are only available on Ethereum.

Among the other blockchains that could use the liquidity boost are EOS, NEO, Cardano, Aelf and Tezos. Any of these could benefit from the ability to quickly trade into a stablecoin without having to go through a centralized exchange, which is the real benefit of the USDT-TRX move.

To sum things up, Tron and EOS are not far behind Ethereum in terms of the developer ecosystem. In fact, their userbases outpace Ethereum in terms of growth. However, in terms of liquidity and financial markets, Ethereum is the most dominant smart contract platform.

All in all, the move to create a Tether stablecoin on TRX its a major leap forward for Tron.