Crypto volatility emerged a new segment of stable coin market , which is being leaded by Tether aka USDT. In the statement by Tether they announced following :-
Tether was created in October 2014, with a clear purpose to disrupt the legacy financial system. It does this by providing a vehicle for customers to transact with traditional currencies across the blockchain, without the volatility or complexity typically associated with a digital currency.
To achieve the mass adoption necessary to fulfil this vision, Tether was inherently designed to be blockchain agnostic. Since its launch, it has enjoyed widespread success of Bitcoin-based USDTether issued via the Omni Layer Protocol, and later Ethereum-based Tether, compatible with the ERC20 standard.
Today, we are proud to take the next step in our journey with TRON, through the introduction of USDT on the TRON blockchain. The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network.
Jean-Louis der Velde, Chief Executive Officer of Tether adds: “We are pleased to announce this collaboration with the Tron Foundation. 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.”
We are pleased to be embarking on this journey with TRON and providing our users with yet another access point into the field of decentralised finance