Carbon is the first fiat-backed stablecoin to launch on TRON

2019-6-23 04:20

TRON partnered with Carbon, a New York City-based startup, to launch the first fiat-backed stablecoin on the network.

TRON announced that Carbon’s “TRXD” would be the first stablecoin to launch on the TRON blockchain. Each TRXD is FDIC-insured and backed one-to-one by U.S. dollars.

The move is meant to reduce the friction for payments for in-app purchases on the TRON network. According to Justin Sun, founder of TRON and CEO of BitTorrent:

“We are excited to collaborate with all partners to launch user-friendly stablecoins on TRON. These are important milestones for making TRON more accessible to mainstream users.”

Unlike Tether’s USDT, which is difficult if not impossible to redeem, users can purchase and redeem TRXD on TRON via the Carbon website. New TRXD can be minted via ACH or wire transfer.

According to Sam Trautwein, co-founder and CEO of Carbon:

“Our goal is to build products that people use. TRON shares an unwavering loyalty to both growth and adoption. We’re excited to join forces to bring stability to a more mainstream audience in launching a fully fiat-backed stablecoin on TRON.”

In March, TRON announced it would partner with Tether to create a “TRC20” based fiat-backed USDT on its platform. Soon afterwards, iFinex, Tether’s parent company, was embroiled in a scandal around the loss of $850 million in customer funds and the partnership fell by the wayside.

CryptoSlate reached out to Sam Trautwein on what differentiates Carbon from other stablecoins.

“Most groups the plan is to try and get to a couple billion in stablecoin and camp on interest you make off it. For us, we’re okay offering stablecoins at a loss, indefinitely, as we invest more heavily in solving the more immediate problems in the space.”

Elaborating on what those “more immediate” problems are, those are the fiat on-ramps and conversion gateways between fiat and cryptocurrency. As said by the Carbon CEO:

“We want to give everyone in the space is the ability to move fiat and digital assets anywhere [in crypto]. Any dApp, wallet, or exchange, without having to go through KYC more than once, without having to wait 10 days for funds to clear, without having to go to your bank and commit a wire transfer. We want to give crypto to where people are now.”

The post Carbon is the first fiat-backed stablecoin to launch on TRON appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0367353 (-100%)

tron launch stablecoin carbon fiat-backed trxd meant

Источник: cryptoslate.com

tron launch → Результатов: 126


Джастин Сан аноснировал три новых продукта для блокчейна TRON

Генеральный директор фонда TRON Foundation Джастин Сан объявил о новых продуктах, которые станут частью экосистемы блокчейна. 3 exciting decisions were made today! 1) #TRON's version of Uniswap "JUSTswap" will launch on Aug 17th 2) #USDJ & #JST yield farming will launch on Aug 31st & 3) #TRON will officially launch blockchain oracle soon!! #TRX $JST […]

2020-7-23 17:42


TRON’s Justin Sun To Announce ‘Secret Project’ On July 30 As TVM Launch Nears

The long anticipated and mysterious TRON ‘Secret Project’ will be revealed on July 30th. During the live stream to commemorate TRON’s Independence Day (the official diversion of the TRX genesis block away from its ERC-20 roots), Justin Sun teased fans and investors with news of a ‘secret project’ that would be coming at the end […]

2018-7-23 11:13


Фото:

Tron (TRX): 11 Days To TVM Launch, 22 Exchanges Resume TRX Trading

The road to success is never easy or linear. It sometimes requires different phases. Tron has for long been on stages of different developmental moves. Ever since the completion of Tron’s MainNet and transfer of TRX token to its ecosystem, several exchanges which pledged support for the altcoin have embarked on processes which will aid […] The post Tron (TRX): 11 Days To TVM Launch, 22 Exchanges Resume TRX Trading appeared first on Ethereum World News.

2018-7-18 14:34


Фото:

92.4 Billion ERC20 tokens Burnt By the Tron (TRX) Foundation. Is it time to accept TRX is a coin?

The Tron (TRX) Foundation had initially issued 100 Billion TRX tokens during the ICO phase of the project. These tokens were offered via the popular ERC20 protocol on the Ethereum platform. Following the launch of the Tron Mainnet on the 31st of May and the launch of the Genesis Block on the 25th of June, […] The post 92.

2018-7-17 14:46


Фото:

TRX Price Shoots As TRON Foundation Release Odyssey v2.0.3, Token Migration Begins

With so much going on behind the scenes of the TRON MainNet launch at the moment, it is pretty easy to forget exactly where the project stands and what is happening with the roll out. Over the past few weeks, TRON has been subject to a series of updates and testing procedures that are being carried out to ensure the full MainNet and token migration can be completed in the most stable manner.

2018-6-21 12:30


To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in.

2018-6-20 03:02


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Former chief of the U.S. CFTC joins Paxos board of directors

Christopher Giancarlo, former CFTC chief has joined Paxos board. Giancarlo’s advocacy for blockchain innovation aligns with Paxos’ mission for regulated solutions. Paxos aims to drive financial sector innovation with Giancarlo’s guidance on board.

Hyperinflation Warning: US Bizman, Author Tells Businesses To Stack Bitcoin

Robert Kiyosaki, the author of the bestselling personal finance book “Rich Dad, Poor Dad,” has fired another financial warning shot, this time targeting the US dollar and a potential challenger – a gold-backed stablecoin from the BRICS nations (Brazil, Russia, India, China, and South Africa).

Stablecoin Surge: Tether's Headroom for Growth

The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.