Tether, the company is preparing to release their tablconv on the basis of the blockchain Tron.
On 4 March, the company announced the Tether that cooperates with the Tron Foundation for a run of tokens of the standard TRC-20, which will also be a USDT with reference to the U.S. dollar. It should be noted that the standard TRC-20 is used in the blockchain Tron, and it is compatible with the standard Ethereum ERC-20.
In Tether say it will make it easier for users to carry out operations with decentralized application (dapp) and protocols Tron. The company also hopes that the option stablein will improve the decentralized nature and liquidity of the Tron network, making it more accessible to institutional investors.
USDT from the Tether exists as stablon built on the blockchains of bitcoin and Ethereum.
Tether CEO Jean-Louis van der Velde gave a high rating to this partnership, stating:
“This integration underscores our commitment to the further development of cryptocurrency innovation, as we try to foresee the needs and demand of the crypto community”.
It is expected that the new version of USDT will appear in the next quarter. While this is the most popular in the world stable coin, which is also in the top 10 cryptocurrency. However, the community has often raised doubts about whether the token American dollars at the ratio of 1: 1.
Although the company has long promised to conduct an independent audit of its dollar reserves, it still didn’t.
Bank of the Bahamas Deltec Bank & Trust, which serves the Tether, earlier issued a letter stating that in January of 2018, the company had $1.8 billion, and at the time of writing this post-treatment were 2 022 657 817 USDT (according to CoinMarketCap).
Representatives Tron also expressed confidence that the tokens USDT really backed by dollar reserves.
Tron CEO Justin San said that cooperation with a Tether to release tokens USDT “will bring incredible stability and confidence to users.”
According to him, users will be able to “easily cash out their tokens for dollars”.