Tether Launches On TRON With $20M Giveaway
Tether trades went live on TRON today, through the native TRC-20 protocol.
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Tether (USDT), the largest USD-backed stable coin, has launched on TRON (TRX), a smart contract platform focused on monetizing digital content. According to a press release from the TRON Foundation, the new tokens will be issued through the new TRC20 protocol.
Tether tokens have already been issued on the Omni Layer of Bitcoin and Litecoin, as well as Ethereum’s ERC-20 protocol. However, unlike other blockchains, the TRC-20 protocol allows Tethers to be exchanged almost instantly, with zero transaction fees.
Launching Stablecoins The TRX Way
Integrating the largest stablecoin is a significant achievement, but it wouldn’t be TRX without a giveaway. To promote the new launch, the TRON project has announced an airdrop of $20 million USDT to users who convert their Tethers to the new TRON-based token.
With the help of Huobi, OKEx, and other participating crypto exchanges, the 100-day promotion will begin on April 30th, running throughout until August 7th. The announcement also provides instructions for both exchanges and wallet services to upgrade to TRC20.
The new protocol adds another fruit to an already productive year, which has seen the TRON’s user pool and throughput soar. The total number of mainnet TRON accounts recently shot past two million, gaining one million new users in 68 days. Although the project has also had its share of blunders, the new TRON-Tether initiative could put Justin Sun’s project back on track.