Liquid, one of the world’s largest cryptocurrency-fiat exchanges just added TRON’s TRC20-USDT on their supported stablecoins.
Earn 8.875% APY on $USDT on Liquid irrespective of blockchain you use to fund your account 📥
🔥 Currently available: ERC-20 and TRC-20.
— Liquid Global Official (@Liquid_Global) July 25, 2021
Holders of TRC20-USDT on Liquid may start trading them or earn 8.875% APY on USDT using their newest added feature called Liquid Earn, which allows holders to earn rewards on their Liquid accounts.
The demand for TRC20-USDT support had been increasing over the past few weeks and the addition to Liquid made them the latest cryptocurrency exchange to add TRC20-USDT on their platform.
What is Liquid?
Liquid is one of the world’s largest cryptocurrency-fiat exchanges founded in 2014 and currently led by co-founder Mike Kayamori.
The exchange had been consistently ranked among the top 10 regulated cryptocurrency exchanges globally and in 2016, Liquid was able to secure $20 Million in venture capital funding which was used to develop their platform growth.
— TRON Foundation (@Tronfoundation) July 26, 2021
Following that year, they could have an official license from the Japan Financial Services Agency as a Virtual Currency Exchange.
Liquid’s trading activity mostly comes from its fiat trading pairs which are dominated by USD and JPY markets. Plus, they provide crypto-to-crypto trading pairs for more than 100 coins and tokens.
They support a wide range of fiat currencies including:
The exchange also prioritizes the security of their customer accounts using multiple security features such as two-factor authentication, cooling-off period, IP address whitelisting, cold wallet, and secure MPC technology just to name a few of those safety features.
Liquid has been one of the most reliable exchanges and they have been very compliant with laws and regulations when it comes to cryptocurrencies.
What is TRC20-USDT?
USDT (TRC-20) is a U.S. dollar-pegged stablecoin issued by Tether on the TRON blockchain and it is one of the most popular coins asides from BTCTRON, ETHTRON, and TRC20-TUSD. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain.
The token is tied to the USD on a 1:1 ratio, which makes it a lot less volatile than other cryptocurrencies.
The demand for TRC20-USDT continues to rise and the addition of Liquid’s support for the said stablecoin provides users an alternative exchange with low transaction fees and strong security features.
For more news and updates, see Tron Spark.