Tron and Tether Partner to Issue USDT on the Tron Network by Q2 2019
Blockchain protocol Tron (TRX) and Tether, issuer of stablecoin USDT, have announced a partnership to introduce USDT to the Tron network by the second quarter of 2019.
The expansion of the Tron ecosystem took a significant step last year with its acquisition of popular peer-to-peer torrent client BitTorrent. The latter launched its native, Tron-based BitTorrent (BTT) token at the start of 2019, which will power the pair's plans for an evolving decentralized content distribution platform.
The stablecoin has previously faced controversy, after critics had suggested that the dollar reserves did not match the amount of tokens in circulation.
Last December, Bloomberg stated that it believes Tether does have the appropriate amount of fiat reserves. Tether has not released an official audit of its holdings.