CryptoLocally has opted for the Tether USD (USDT) token on the Tron blockchain for its P2P platform that allows users to trade Bitcoin, EOS, Tron, Binance Coin, and seven other cryptocurrencies.
According to a blogpost, CryptoLocally opted for the TRC-20 version of USDT to leverage “TRON’s high-performance blockchain,” as part of the platform’s plan “to support digital assets that will bring more value into our ecosystem.”
Tether (USDT) is a multi-chain digital asset issued in some of the leading cryptocurrency platforms in the industry — Omni, Ethereum, TRON, EOS, Liquid, and Alogrand.
USDT has consistently ranked among the top 5 cryptocurrencies in the market. At the time of writing, it ranks 4th in terms of market capitalization, which stands at $8.7 billion.
Currently, it is used as base cryptocurrency on several trading pairs. It is also the token of choice for many people who want to save their wealth online due to the lack of volatility.
CryptoLocally continues to add more features after rebranding from EOSLocally. For more details on how the platform works, check out our review of CryptoLocally.
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