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Tether [USDT] launched on the Tron [TRX] blockchain as Tronics predict massive bull run

Akash Anand

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Tether [USDT] launched on the Tron [TRX] blockchain as Tronics predict massive bull run
Source: Pixabay

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.





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Tron [TRX] DApps surpass Ethereum, EOS in terms of weekly active and new users

Namrata Shukla

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Tron [TRX] DApps surpass Ethereum and EOS in terms of Weekly active and new users
Source: Pixabay

Tron [TRX], the eleventh largest coin on CoinMarketCap, has been crossing new milestones recently, with its block height and partnerships. Despite the coin performing rather poorly in a relatively bullish market, its adoption and the popularity of its DApps have made Tron lead the DApps market.

Tron’s popular proponent, Misha Lederman, shared with the community Tron’s recent achievement. Compared to Ethereum [ETH] and EOS, Tron registered a higher number of new users and active users. It noted 60k new users, while Ethereum reported 25K and EOS reported 9k. The active users on Tron’s DApps platform were 172k, followed by EOS with 170k and ETH with 54k.

Lederman in his tweet commented,

“#TRON growing fastest in terms of new users among Top 3 platforms:
New Users:
TRON 60K; #ETH 25K; #EOS 9K
Active Users:
TRON 172K; EOS 170K; ETH 54K”

Source: Twitter

Source: Twitter

He added that BitTorrent Speed’s launch in Q2 would provide Tron and BitTorrent users with BTT as an incentive for seeding, which might lead to a growth in the user base of TRX and BTT.



Source: Twitter

Source: Twitter

According to Tron foundation and BitTorrent CEO Justin Sun, TRX will make its way into the top 10 by the end of June, whereas BTT will be a part of top 30 by Q2. However, Tron’s current market cap is $1.87 billion, whereas Cardano [ADA] on the tenth position reported a market cap of $2.12 billion.

At press time, Tron was valued at $0.0279, with a market cap of $1.87 billion. The 24-hour trading volume of the coin was noted to be $664 million, as it fell by 2.80% in a day. TRX managed to register 12.60% growth over the past seven days. However, it fell by 0.53% in an hour.





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