Tron (TRX) Price Surges 6% From the ‘Tether Effect’

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Tron is performing better than most altcoins today as $30 Million worth of TRC20-USDT tokens enters the market. This recent injection brings the total amount of Tether circulating on Tron’s network up to 300 Million. The ‘Tether effect’ has begun. TRC-20 based USDT Growing It is no secret that Tron founder Justin Sun aims to topple Ethereum as the world’s leading smart contract platform, but he is quite a way away from doing so. The first step for Tron developers was to create their own standard which is the TRC-20. Yesterday, Sun announced a partnership with Poloniex and urged users to convert their Ethereum based USDT tokens into Tron based ones. Thanks for the support @Poloniex!All users can convert their Omni-$USDT & ERC20-$USDT to TRC20-$USDT with Poloniex – it's safe and super fast! — Justin Sun (@justinsuntron) October 24, 2019 There has been a lot of activity today for…

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