“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,” commented Jean-Louis van der Velde, chief executive officer of Tether.
TRC20 is a technical standard used for smart contracts on the blockchain for implementing tokens with the Tron Virtual Machine (TVM), similar to Ethereum’s ERC20. “Our collaboration with Tether to bring a USDT TRC20 token to Tron will bring incredible stability and confidence to users,” said Justin Sun, founder of Tron and CEO of Bittorrent. “As we perform and execute on our vision, they can easily redeem their tokens for US dollars.”
In the Daily on Monday we reported that Tron Arcade and Mixmarvel have teamed up to bring the online game Slither.io to the blockchain. Hypersnakes, the blockchain version of the multiplayer worm-like game, allows players to compete and earn TRX without a wallet, making it easier to acquire the cryptocurrency. The Bittorrent token (BTT) is another example of a digital coin based on the Tron protocol.
What do you think about Tron partnering with Tether? Share your thoughts in the comments section below.
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The post Tron Partners With Tether to Launch TRC20-Based Stablecoin appeared first on Bitcoin News.
source: https://news.bitcoin.com/tron-partners-with-tether-to-launch-trc20-based-stablecoin/
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