Representatives of the Tether, the issuing company stabilini USDT, said he was ready in the second quarter of this year to run the token standard TRC20 – network TRON. According to them, this is their third major step towards the replacement of traditional financial blockchain-solution deprived of the volatility inherent to digital currencies complexity. The first steps in this direction in the Tether consider starting USDT based on the bitcoin Protocol-Layer Omni in October 2014, as well as in standard, compatible with Ethereum ERC-20.
It is expected that the token USDT standard TRC20 will provide compatibility with the protocols based on TRON and decentralized applications (DApps), while, according to the head of TRON Justin Sana (Justin Sun), will bring users a confidence and incredible stability, institutional investors easier access to the blockchain of the project and will contribute to the development of its ecosystem.
We are making big steps to achieve decentralized finance with @Tether_to. #TRON will soon have its own stablecoin! This will benefit our entire ecosystem and make it easier for institutions to access the blockchain TRON$TRX $BTT https://t.co/8mGcypBf9J
— Justin Sun (@justinsuntron) March 4, 2019
We will remind, in December of last year, Bloomberg News obtained documents about the financial status of Tether, which confirmed that the company wrongly suspected in the absence of proper provision of scriptactive.