Tether, an infamous unstable stablecoin associated with the Bitcoin price manipulations isn’t going anywhere. The project lives on, and even have future plans despite proving its inability to be consistent. That’s what usually happens in this imperfect world.

What Has Happened?

Not long ago Tether was hinting on exiting the market, but now the company is going to continue its way to the top. Earlier this month Tether announced that USDT will be issued on the TRON blockchain (well, one more notoriously known project). In Tether’s words “the TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (dApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network.”

TRON is already a third blockchain that is supposed to host USDT. Probably these constant changes symbolize stability of the coin?

Obviously, mass adoption of stablecoins can happen only despite the Tether’s journey, not thanks to it.

What Happens?

This news triggered the growth of the Tether market cap. At some point, it even reached $2.1 billion just like in good old days. On one hand, this is a sign of the people’s remaining trust in Tether, on the other hand, this price spike can be explained by the ongoing crypto market uncertainty which prompts some investors to move some of their assets into what they consider to be stablecoins. Just in case.

Following the news about the Tether comeback, TRON has gained the 3% growth against Bitcoin. Both TRON and Tether are quite popular despite being quite trashy so there’s nothing surprising in this rise of both prices.

And now take a look at the infamous TRON “roadmap”.

Why TRON?

TRON has not the best reputation. I think it’s even fair to call TRON scandalous or at least controversial. Each huge cryptocurrency project has its foes, but it seems that TRON is one of the most doubtful choices. Why not NEO or EOS?

Brock Pierce is a co-founder of both EOS and Tether. It can seem that Pierce could arrange the partnership between EOS and Tether, but actually, he had to leave EOS about a year ago. Probably the contradictions between EOS and Pierce were too serious and he’s not an influential person for EOS anymore. NEO lost to TRON probably because Tether appeals well to institutional investors. The same can be said about TRON, but not about NEO.

Conclusion

We have already witnessed that Tether is not accomplishing its main function. It’s not equal to one dollar all the time (you can remember October 15, when the price dropped to 88–90 cents). The people behind Tether are changing plans, struggle to get the work done, but it’s obvious that it’s not an easy thing for them. Is it a good characteristic for potential investors? Think it’s not. Back in 2017, the company wasn’t capable of processing all the withdrawals. Now Tether’s activity is under investigation over the alleged Bitcoin price manipulation. The investigation is conducted by U.S. federal prosecutors. This list of Tether failures is not even full. Was it hacked? Yes, back in 2017.

What else should be mentioned to point at the inconsistency of this project? The very fact that Tether partnered with such a wack company as TRON speaks volumes. Obviously, the only strong part of Tether (and TRON) is the support of people. Paradox!