CryptoLocally has opted for the Tether USD (USDT) token on the Tron blockchain for its P2P platform that makes it possible for users to trade Bitcoin, Tron, Binance Coin, EOS, and seven other cryptocurrencies.
A blogpost reported that 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 additional value into our ecosystem.”
Tether (USDT) is a multi-chain digital asset that was issued in most of the leading cryptocurrency platforms in the industry – Ethereum, Omni, EOS, TRON, Alogrand and Liquid.
For a long time now, USDT has consistently ranked among the top 5 digital currencies in the market. At the very time of writing, USDT ranks 4th in terms of market capitalization, which stands at $8.7 billion.
Still as of the time of writing, USDT is used as based cryptocurrency on several trading pairs. Also, USDT is the token of choice for a good number of people who desire to save their wealth online due to the lack of volatility. After rebranding from EOSLocally, CryptoLocally continues to add more user-friendly features. The platform was designed to be user-friendly and in such a way that one must not be a tech-savvy before using it.