Justin Sun Celebrates New Milestone for Tron-based USDT Version

Libra Coin News
Tue, 10/08/2019 - 17:22
Alex Dovbnya
Tether is steadily migrating to Tron with 160 mln USDT running on the Justin Sun-helmed network
Cover image via U.Today

Justin Sun, the avocado-loving CEO of Tron, has taken to Twitter to inform his 1.9 mln followers that a whopping 160 mln USDT now runs on his project's Blockchain.

As reported by U.Today, USDT was launched on the Tron network on Apr. 17. Tether claimed that the rollout of the TRX-based version of the number one stablecoin was necessary in order to make it "Blockchain agnostic."

However, according to a Bloomberg report, Tether might have a more nefarious reason behind moving to different networks — obfuscating transactions. 

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Alex Cobb, a stalwart member of the XRP Army, advises Sun to distance himself from USDT given that Tether and Bitfinex are facing a lawsuit over alleged market manipulations.         

 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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