Major Crypto Exchanges Huobi Global and OKEx Launch Support for Tron-Based USDT
Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin USDT.
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Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin Tether. The developments were announced in two official announcements, both published on March 21.
In early March, blockchain protocol Tron (TRX) and Tether, issuer of stalwart stablecoins USDT and EURT, announced their partnership to issue a TRC-20-based USDT — a term that indicates adherence to a technical token standard supported by the Tron blockchain. The new token is designed to be interoperable with all Tron-based protocols and decentralized applications to improve liquidity in the ecosystem.
In their respective announcements, both Huobi Global and OKEx cite user needs and demands for a full spectrum of stablecoin trading, with both noting their platforms now support three separate protocol versions of USDT — the Bitcoin network-based USDT-Omni, Ethereum-powered USDT-ERC-20 and the new USDT-TRON.
Whereas both OKEx and Huobi are among the world’s leading centralized crypto exchanges — ranked 3rd and 14th by adjusted daily trade volume respectively to press time — Tron and Tether have emphasized that the beneficiaries of USDT-TRON are intended to be traders on Tron-powered Decentralised Exchanges (DEX).
In other reported Tron developments, blockchain consultant and co-founder of Tron community project IamDecentralized.org, Misha Lederman, suggested on March 20 that the launch of USDT-TRON is slated for the coming weeks and months of Q2. Another reported development is the introduction of privacy options for TRX blockchain transactions and “institutional-friendly multi-signature & account management.”
Lederman has also claimed the Bittorrent Speed ecosystem is reportedly set to launch within this time frame, which will reward users of the popular peer-to-peer torrent client BitTorrent with Tron-based BitTorrent (BTT) tokens in exchange for seeding and bandwidth, enabling faster torrent downloads.
As reported, Tron first confirmed its acquisition of BitTorrent in July 2018. The latter launched its native BTT token at the start of 2019, which will power the pair’s plans for an evolving decentralized content distribution platform.
In recent Tether news, the coin’s issuer has faced increased scrutiny after social media users noticed the firm had removed previous claims that the stablecoin was fully backed by United States dollars. The coin has faced long-standing 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 to date.
Only together strong brands will be able to protect crypto from its current issues, that is why I vouch for this collaboration of Tether, TRON and Huobi, it will be wonderful if they manage to stay together for a long time
yeah, absolutely. tether and tron have to do hard work to make the cryptosphere better
have you heard guys tether changed its terms to sign a contract with tron? this partnering promises to be grandiose!
2019 seems to be promising for crypto – with cooperation between TRON, Huobi and Tether growing we're gonna see some good things soon
Huobi, Tron and Tether keep on expandin their partnership and its so awesome if you ask me!
cooperation will save crypto, so the more Tether, Huobi and TRON intertwine their stuff, the better
some more civility would be nice to have around, i rly hope that TRON, Tether and Huobi will stay together
so glad to see TRON, Huobi and Tether continue their work together, all of us are gonna benefit from dat
the future of cryptosphere relies on smart cooperation and since thats exactly what Tether, Tron and Huobi are doing, im calm about all that
I wonder who is more interested in this deal Tether or Tron? They must be both happy
oh, I like tron! and huobi and okex are good exchanges, hope their friendship with tether well be productive!
as a tether's user (trader), i hope this cooperation with huobi and tron will be very valuable
News like these are making me flying over the rainbow) Well, except jokes, alliance of TRON, Huobi and Tether seems really promising
im certain that market's gonna see some changes in the coming weeks, collab of tether huobi and tron is amazing
when binance for tron usdt?
I wonder why not binance. Why wouldn't they support tron based usdt... They are always pioneers in such things.
always like seeing TRON Tether and Huobi doing new stuff together, its pretty sweet
happy to see Tether-Huobi-TRON relationship persist its a great help for so many ppl
Online hearsay does not bother me much, as long as Tether benefits my trades, I use it, it is that simple
I have a positive impression of Tether, as it has been quite some help throughout many tough times last year and this one as well so I'm happy to see exchanges support
TRON andHuobi decided to work with Tether this year, isn’t that cool dudes?
now Tether is responsible for all coins I think – that’s the bar of quality
Tron said that first holders of USDT/TRX will get some extra benefits! How cool their partnership with Tether begins!
USDT doesn’t show any outstanding results, but it is well-liked and volumes are huge.
Now the situation around Tether becomes more interesting – there are companies like Huobi and TRON around it
The partnership of the year :)
I am still excited to hear of TRON-Huobi-Tether progress, this union should definitely strive for greater heights
Articles in media are leading to miscomprehension as Tether keeps on being stable and new amendments in ToS don't influence it.
looks like Tether, TRON, OKEx Huobi are doin even more things together - good for them all ofc!
i havent seen any stablecoin that would be better than Tether, and im going with public data now not only my thoughts
It is unsettling to see all this negativity surrounding Tether right now - just who might be behind this hate campaign? We will learn in time, I am sure
I became richer with Tether and for me these collaborations are awesome by providing more abilities to trade
New rules must be adopted for other stablecoins as they are likely to be backed not only by USD too.
2019 been treating crypto mostly well, and this threeway alliance between Huobi, TRON and Tether is definitely a thing to celebrate
so far this joined force of tether tron and huobi has done pretty well, lets hope that it will stay this way
but when it will be available to buy usdt-tron?
I cannot possibly believe that binance is not here to support usdt tron yet...
TRON, OKEx, Tether and Huobi can be revolutionary for the crypto – wait for some great changes
I know that Huobi, OKEx Tether and TRON will give us all the product we need – their collaboration wont remain invisible
I prefer Tether because this coin proved many times that it can be relied on
I know that many people can’t understand the influence of Tether but one step at a time, wait a bit
I still think that Tether cant be beaten by other coins, this one is too good for almost all traders here
still haven’t been scammed by Tether and their crew – everything works just amazing here, glad for continuing collabs
Huobi knows what to list! I’m going to test Tron and this new pair with Tether is very timely.
Congratulations!
it's a great investment for the future
This is not a secret that Tether is partnering with Tron who might have special requirements for their joint contract. So we can’t deny the fact that new terms were made under such circumstances.
oh, nice news, tether-tron pair in the wallet is just what the doctor ordered!
Tether is on the public eye now owing to its new partners and it looks like people trust it.
Under the latest research, stable crypto becomes more popular among tradings and its users, taking USDT and its analogs to a new dimension.
never in my life I traded on another exchange) Only OKEx
well. Sun didn’t give me tesla, but I hope at least with the tether all be good
That’s wonderful to see how Huobi, OKEx, TRON and Tether cooperate
I can already see the positive influence of TRON, Tether and Huobi with OKEx on the market!
got no idea why not all the people like the trio of Huobi, Tether and Tether – these dudes make crypto better every day, especially when OKEx is the fourth for them)
When do they open trading for usdt-tron? wanna buy as an early adopter
when I heard that TRON would work with Tether I didn’t believe that – but now their alliance is changing crypto!
I was amazed to learn that even people unrelated to crypto have heard of USDT, it shows how far this coin has come, in my opinion, and how stable its position is
Is there is a trader who hasn’t ever used stable crypto? I don’t know such people. If you work in crypto trading, you should have tested USDT at least.