Maybe Tether Doesn’t Plan to Quit the Stablecoin Market After All

Tether announced today that it’s issuing USDT on the TRON blockchain. As Tether writes in its own blog post on the subject: The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (dApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network. TRON is only the third blockchain on which Tether has issued its stablecoin. Late last year, various actions by Tether Limited got people thinking that maybe the company was exiting the market altogether. For one thing, their actual redemption fees are huge post-Bitfinex exclusivity. For another, they were seen quietly arbitraging and

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source https://www.ccn.com/maybe-tether-doesnt-plan-to-quit-the-stablecoin-market-after-all

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