Tron to work together with Ethereum
The founder of Tron Justin Sun has currently declared that there will be a collaboration with Ethereum in the present year. The announcement was made through a podcast crypto chick on the 6th of April.
The CEO of Tron was speaking in an interview session with the host of the podcast Rachel Wolfson. There he revealed about the launch of the teether stablecoin on Tron. The interview has given him an excellent opportunity to advertise the upcoming collaboration with Ethereum.
To the host Mr. Sun told the stablecoin will be tied to fiat currency so will be less exposed to the instability of the crypto industry. This will help the developers and the innovators of the crypto industry to get into the payment system which requires the stability of the market. Stablecoin will also be helpful for the traders as it can be used for storing values as it will not be exposed to the instability of the crypto markets.
While speaking in the interview, Sun told that in the present year both the platforms would collaborate to do something good for the crypto industry. He also told that Tron is planning to work with many Ethereum enterprise builders and developers.
Tron is built on Ethereum platform, but initially, both were vast competitors of each other. The rivalry became more ever since Tron launched its mainnet. But while speaking on the podcast, Mr. Sun told because of the competition between the two platforms the crypto industry will benefit the most.
In March this year, Tron went into partnership with Tether to launch new USDT coin on Tron network. However, the date of launch is planned on 9th April. According to Mr. Sun, the Tron based USDT will be much faster and cheaper. He also believes that the USDT launched on the blockchain network of Tron has the possibility to benefit the entire crypto community.
Mr. Sun has also confirmed that Tron’s products are developed to fascinate formal investors. He also clarified that the Tron foundation handles the fund distribution in a completely decentralized way.
To be the leader of the decentralized space company is launching layer two solutions. According to Mr. Sun, this Layer two solution will make the Tron network hundred times faster than it was previously. This will help in making 3-4 million transactions every day.
Tron was one of the top ten virtual currencies according to market cap, but it disappeared from the market for a while. But with the recent developments in the network, it will make a position among the important crypto projects.