Tron’s [TRX] march towards mainstream adoption has been peppered with multiple updates and developments that include upgrades within the blockchain as well as partnerships with major organizations. One of the biggest Tron revelations of 2019 has been its tie-up with USD-pegged stablecoin USDT and on April 18, USDT was officially launched on the Tron blockchain.
Following the news, Justin Sun, the Chief Executive Officer [CEO] and founder of the Tron Foundation tweeted:
“Today #USDT is launched on TRON’s blockchain. $USDT is issued by @Tether_to on the #TRON network based on #TRC20 protocol. There will also be a total reward of 20 million $USDT for 100 days. $USDT will be fast, free and smart! #TRX #BTT”
Tron’s USP about the launch of the latest stablecoin is its advantage over the OMNI-USDT pairing. The official release from the Justin Sun-led company stated that the token is an upgrade from the OMNI protocol based USDT, which will allow users to hold and transfer assets via smart contracts on the Tron blockchain. Another advantage was the “completely free and transparent process” promised by the Tron Foundation.
Sun has been pushing for the adoption of the USDT-Tron partnership ever since its reveal, which was shown by him stating that the team-up will make USDT more reliable, faster and cheaper in the future. He had claimed:
“The current solution is very obsolete which is extremely expensive, slow and unreliable for other stable coins. So once we gain the USDT-Tron infrastructure, I think the whole Tron community and the whole blockchain community will benefit from the move away from Bitcoin.”
The Tron community or the ‘Tronics’ have been invested in every single update of the partnership as the last announcement about the USDT-Tron launch date caused the price of TRX to shoot up by a massive 8 percent. The pairing stressed on the importance of enabling interoperability with Tron-based protocols and DApps, what many consider as Tron’s forte.