BitGo, a leading digital asset custody and security firm, has announced that it now supports USDC (TRC20) and USDT (TRC20) on the TRON network for its hot wallets and qualified custody services. This development is a significant milestone for both BitGo and TRON, as it expands the accessibility and usability of these popular stablecoins.
What are USDC (TRC20) and USDT (TRC20)?
USDC (TRC20) and USDT (TRC20) are TRON-based versions of two of the most widely used stablecoins in the crypto industry. They are pegged to the US dollar and are designed to provide a stable value that can be easily transferred and used for payments and transactions.
Learn more on our blog: https://t.co/n0gJIemusI
— BitGo (@BitGo) March 9, 2023
BitGo’s support for USDC (TRC20) and USDT (TRC20) on the TRON network means that its clients can now custody and manage these assets securely and efficiently. BitGo’s hot wallet and qualified custody services are trusted by institutional investors, exchanges, and other financial institutions, and are designed to meet the highest standards of security and compliance.
This development is significant for several reasons. Firstly, it expands the usability of USDC (TRC20) and USDT (TRC20) by providing a secure and reliable custody solution. This move is expected to increase demand for these stablecoins and further boost their adoption in the crypto industry.
Moreover, BitGo’s support for USDC (TRC20) and USDT (TRC20) on the TRON network is a testament to the growing popularity and adoption of the TRON blockchain. TRON has established itself as a fast, reliable, and scalable blockchain platform, with a wide range of applications and use cases.
What is BitGo?
BitGo is a leading digital asset custody and security firm that provides institutional-grade storage and security solutions for cryptocurrencies and other digital assets.
After yesterday’s @SECGov meeting you may be asking– what is qualified custody? And how does it affect your business, advisors and clients?
We got you covered.
— BitGo (@BitGo) February 16, 2023
Founded in 2013, BitGo has emerged as a trusted provider of hot wallet, cold storage, and qualified custody services, catering to a wide range of clients including institutional investors, exchanges, and other financial institutions.
BitGo is known for its advanced security protocols and innovative solutions that are designed to meet the highest standards of security and compliance.
In conclusion, BitGo’s support for USDC (TRC20) and USDT (TRC20) on the TRON network is a significant development for both BitGo and TRON. It provides a secure and reliable custody solution for these popular stablecoins, while also expanding the usability and accessibility of the TRON blockchain. As the crypto industry continues to evolve, we can expect to see more such collaborations and partnerships that push the industry forward.
For more news and updates, see Tron Spark.