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.
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.
They are under investigation for market manipulation dude, I would separate TRX from USDT as much as possible— Alex Cobb [XRP] (@AlexCobb_) October 8, 2019