In early March 2019, blockchain protocol Tron (TRX) and Tether – issuer of stalwart stablecoins USDT and EURT –partnered to issue a TRC-20-based USDT. This term indicates adherence to a technical token standard supported by the Tron blockchain. As such, the new token aims to be interoperable with all Tron-based protocols and decentralised applications, in order to improve liquidity in the ecosystem.
Huobi Global and OKEx revealed user needs and demands for a full spectrum of stablecoin trading, and noted that their platforms now support three separate protocol versions of USDT: the Bitcoin network-based USDT-Omni, Ethereum-powered USDT-ERC-20, and the new USDT-TRON. While both companies are centralised crypto exchanges, Tron and Tether have emphasised that the beneficiaries of USDT-TRON are intended to be traders on Tron-powered Decentralised Exchanges (DEX).
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