- Justin Sun, the Tron founder expresses his views about Tether and signifies why the world needs Tether.
- If an individual adopts USDT on Tron, he/she can enjoy the financial services with almost zero cost, he highlighted.
- Sun believes Tether on Tron is one of the best use cases for people who can’t get access to traditional financial infrastructure.
Justin Sun, the founder of Tron, one of the largest blockchain protocols, has recently highlighted his views about Tether.
He said about Tether which is one of the most innovative technologies the world has witnessed in the last five years not only in the crypto world but also in the financial world. As prior to that, most of the folks could trade in crypto via fiat.
Tether Is Profoundly Facilitating The World, Sun Explains
But following the founding of Tether, he highlighted, it facilitates trade crypto via stablecoin which dramatically surges the liquidity of the crypto market. Moreover, we have seen Tether has been used by a lot of individuals worldwide besides cryptocurrency trading. And some of them might not even know about crypto at all, but they could use USDT on Tron as a way of payment.
Talking about the use of Tether on Tron, he noted that currently, USDT on Tron is accepted by basically every exchange globally and is also accepted by all the crypto infrastructure in the world. So if an individual adopts USDT on Tron, he/she can enjoy the financial services with almost zero cost which he believes has become one of the most important infrastructures of the whole crypto space.
Sun further noted that today, a lot of people are using Tether on Tron as a way of payment and a lot more apart from crypto trading. He gave examples of countries like Turkey and Singapore and highlighted that he has seen a lot of customer support there and most of them use USDT on Tron as a way of payment.
He expressed that he feels proud that USDT has now become a way to support people around the globe.
The Tron founder believes Tether on Tron is one of the best use cases for people who can’t get access to traditional financial infrastructure. And that they can further improve the quality of life of the people in the poverty states.
Tron is a decentralized open-source operating system based on blockchain technology with smart contract functionality. Its native crypto asset is by the ticker TRX and utilizes the Proof-of-Stake consensus algorithm. Tron was founded by Justin Sun in 2014 and is currently overseen by the Singapore-based Tron Foundation.
Tether issues tokens on various blockchains; it was launched in 2014. It is a platform powered by blockchain and is designed to enable the use of fiat currencies digitally.
Its stablecoin USDT is pegged to the US Dollar.
Source: https://www.thecoinrepublic.com/2022/04/15/why-does-tron-founder-justin-sun-think-so-highly-of-tether/