Tron [TRX] Weekly Report: Foundation to initiate USDT launch in early second quarter

Tron [TRX], the tenth largest cryptocurrency on CoinMarketCap, saw only a minimal rise in prices over the past few days. However, Tron Foundation was still working towards making the token more prominent and released its weekly report elucidating the Foundation’s developments.

The Foundation mentioned that on the technical front, the deferred transaction cost model was completed. Along with the cost model, the Foundation organized documents on multi-signature. However, the development of anonymous transactions on wallets is still a work in progress, the report said. The Foundation is also working towards designing sidechain infrastructure.

The report spoke about the recent Tron Odyssey 3.5 update and mentioned that the Foundation named the upgrade Qinghai Consensus. The foundation will keep SR nodes, exchange nodes, and API nodes in close contact for the upgrade. As for Tron DApps, March 4 recorded an average daily transaction volume of 71.68 million RMB, surpassing EOS.

The report also mentioned the recent Tron and Tether collaboration to issue USDT tokens. This partnership between Tron and Tether is an important milestone in the development of Tron as a project. Tether and Tron are aiming to launch USDT on Tron early in the second quarter. Apart from this partnership, Hydro Protocol officially launched DDEX, a decentralized exchange based on Tron’s public chain. This could provide users with safe and transparent liquidity, claimed the report.

The report also highlighted BitTorrent’s [BTT] listing on 35 exchanges, along with the second round of BTT airdrop. The Foundation also informed users about three new incentive programs for BitTorrent and uTorrent users, partners, and Ecosystems.

The report concluded by notifying Tron holders about the tenth largest coin being listed on AnyBit and 898 OTC. Apart from the two, BitMarrt, another prominent trading platform, also listed BTT.

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