Justin Sun’s Tron is looking to build a Bitcoin layer-2 solution to support a “wrapped” version of USDT on Bitcoin.
In February, Tron’s founder Justin Sun announced it was working on a Bitcoin layer-2 solution to intertwine its tokens with the Bitcoin network.a roadmap for Tron’s Bitcoin layer 2 solution in an X post, which would allow stablecoins and tokens to move between between Tron and Bitcoin.
Speaking to Cointelegraph, a Tron spokesperson said the plans would “likely” involve creating a wrapped version of USDT. The Tron network is currently home to more than half of USDT’s $104 billion issued across multiple blockchains. The integration would likely attract new users to the Bitcoin ecosystem and expand the network’s use cases, particularly in decentralized finance, they added.
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