TRON CEO States TRX’s Connection with Tether (USDT) is Necessary to the Ecosystem
Justin Sun, the TRON Foundation’s CEO, has been a popular man in the crypto world lately. In the last few weeks, there have been many partnerships announced with the brand, including a misunderstanding between TRON and a sports team in Liverpool. However, the company is attracting more attention now for their connection with Tether, which has brought them to the TRC20-USDT stablecoin.
Sun decided to host a live stream session, speaking on the importance of the partnership and what it means for their clients. The CEO spoke on how this opportunity will ensure that anyone can get involved in cryptocurrency, even if they have trust concerns with the industry. As Sun points out, Tether is directly tied to the dollar, which Bitcoin and Ethereum are not. He stated that having this ratio “is very important for the common.
Sun believes that it is necessary for consumers to leverage USD in “all of its use cases,” though he understands that some people don’t feel as excited as they are with the BitTorrent token (BTT). Still, the contributions that this token will make to the industry and to TRON are
Explaining, Sun said that there is an “incentive plan” worth $20 million that will help to bring in “early adopters.” It will also help to recruit other people in the industry, because it is linked with all of the other cryptocurrency exchanges.
The program is scheduled to go from the end of April to August 7th, covering 100 days. Over the campaign’s timeline, the TRON Foundation will be working on migration from the USDT-Omni Network. When the incentive program was originally announced, Sun commented that their goal is to “make transactions faster and free,” while improving use case options. Sun called this change
“a significant improvement.”
Live Tron (TRX) Price:
1 TRX/USD =$0.1147 change ~ -2.42%