Ethereum [ETH] vs Tron [TRX] Price Analysis: Coins march on even as bears look on

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The CTO of Bitfinex, Paolo Ardoino, confirmed the launch of Tether on chains other than Omni blockchain, Tron and Ethereum. The announcement happened via a tweet.

Ardoino tweeted:

The tweet, although vague, caught the attention of a lot of people, as they tried guessing the next chain. EOS was the most popular guess as Bitfinex is already a block producer on the BOSCore network.

The announcement was confirmed when the CTO tweeted:

“eosfinex and lot of EOS projects need a stable coin. Why not bring the most used stablecoin to them?”

However, the CTO didn’t stop there as he hinted the launch of Tether on a new chain, the Liquid Network.

The Liquid Network is a blockchain for exchanges, brokers, and market makers that enable fast, private Bitcoin transactions with other members of the network. Through Liquid’s Issued Assets feature, members can tokenize fiat currencies, securities, or even other cryptocurrencies.

Tether or Bitfinex have been under pressure ever since the lawsuit brought forward by the NYAG, which uncovered information previously not known to retail users.

Moreover, USDT has been on a steady rise, over the course of a month, Tether has printed approximately $1 billion USDT, which has caused its market cap to increase to almost $3 billion.

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