Why Tether Going Live on the TRX Blockchain is Important

According to a press release on March 4, the Tron Foundation has struck a partnership with Tether (USDT). This collaboration will enable Tron (TRX) to issue TRC20-based USDT tokens, and though it isn’t expected to be implemented until the second quarter, the deal is important for several reasons.

First, one of the main reasons why the two decided to associate and develop a Stablecoin is because when compared to the volatility experienced by cryptocurrencies, stability is perhaps Stablecoin’s greatest virtue.

Tether has a stable and flexible protocol that can be used on any blockchain network and allows organizations to design structures on USDT use cases as well. Tether has already made strides in making it possible to convert any fiat currency into a corresponding cryptocurrency and a top goal of the collaboration is fostering interoperability between Tether and TRON-powered protocols and decentralized applications (dApps) while the integration of the Stablecoin to Tron widens their blockchain accessibility for both enterprise-level partners and institutional investors.

Additionally, and likely one of the more enticing benefit for many readers, is that the partnership will also make it possible to seamlessly transact and exchange fiat-backed currencies on the TRON network.

While USDT is currently a strong top-ten contender among the largest digital assets and has a market cap of $2.04 billion, the partnership is destined to be a huge benefit to the TRON network and is set to improve their general value storage and increase their DEX (decentralized exchange) liquidity.

Tether (USDT)

USDT is simply USD Tether. When you convert fiat currency into a corresponding cryptocurrency, Tether Limited provides full blockchain functionality to the resultant tether coin while allowing the tether to retain the stability, usability, and simplicity of the ‘tethered’ fiat currency.


This means that when you convert USD to Tether, you get the same amount of USDT that is tradable, redeemable, and exchangeable as a cryptocurrency.

And this is what has so many in the industry abuzz — Tether manages to eliminate the volatility associated with Bitcoin and other altcoins, while retaining the desirable and admirable capabilities of blockchain and awarding them accordingly. Adding this to the TRON network could very well mean big things in the coming months.