Tether in Limelight on Partnership with TRON – Omni To Dust – Velocity Of Money For USDT at 415%March 11, 2019
Tether stable coins have now spread to more numbers of exchanges after the latest events. The “velocity of money” for USDT is set to be 415%, meaning every day the entire supply of USDT is turned over roughly 4 times.
Justin Sun stated, “We are making big steps to achieve decentralized finance with @Tether_to. #TRON will soon have its stablecoin! This will benefit our entire ecosystem and make it easier for institutions to access the TRON blockchain.”
Jean Louis van der Velde, CEO of Tether stated, “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.”
On March 4, 2019, TRON (TRX) signed a strategic partnership with Tether (USDT), the first known Stable Coin in the world. The partnership led to the birth of TRC20-based USDT tokens.
By virtue of the partnership, TRON (TRX) will have several salient benefits like improved institutional confidence, liquidity increments on decentralized exchanges, improved storage value for TRX holders, and the TRON Dapp users will get to deal with a less volatile currency.
The current partnership is a real development for TRON. The first quarter of 2019 is going to be an exciting and busy period for the TRON family. In the second quarter, Tron (TRX) – Tether (USDT) collaboration will be implemented.
TRON is thus in the limelight with a notable growth in the space. Tether will surely add to a groundbreaking advantage for the Altcoin. Improved liquidity will help enhance the mass adoption of TRON (TRX) in the market, thus adding to the confidence of institutional investors.
The TRON Foundation has forever been sustaining the market sentiment in favor of their TRX token. During the second quarter of 2019, USDT will be launched as a native token on the TRON Blockchain.
The stable coin of TRON will benefit their ecosystem making it easier for institutions to be able to access the TRON blockchain.
Justin Sun recently highlighted stating, “Tron and Tether partnership is going to leave Omni in the dust.” He meant to say that TRONs blockchain was smarter than that of Omni.
“TRC20 token is based on the smart contracts, so you can do lots of the deployment work on top of the USDT, which Omni blockchain cannot offer.” The words reinstate that the current collaboration is a sign of commitment that will further innovation in the cryptocurrency space fueled by the continual anticipation of the needs and demands of the digital asset community.