Why There Is Now More Tether on Tron Than Ethereum

[Jaya60]

More of the stablecoin is on the Tron blockchain than ever before. Here's what's happening and why it matters. Tron is a decentralized platform designed for content creation. It’s similar to Ethereum in the sense that it uses smart contracts, dapps and digital wallets—but it’s more “entertainment” based. The vast majority of the activity on the Tron blockchain takes place on gaming and gambling applications, according to a February 2020 DappRadar report.Tether is a stablecoin that is “pegged” 1:1 with the US dollar, meaning that the coin’s value is designed to hold steady. There is some controversy, however, over whether Tether is truly backed by US dollar reserves—the company has never had its reserves independently audited, and it just recently settled a fraud investigation with the New York Attorney General’s Office, which saw it booted from the state.source