Today we are happy to present the cross-chain solution between Ethereum and BSC networks to the TRON network! Now users can easily transfer their USDT to the TRON network.
Rubic continues to build a grand ecosystem and connect different blockchains in one place — Rubic’s platform. Adding USDT bridge to the TRON network is the first step toward full integration of TRON to the Rubic platform.
This feature will allow any user of Ethereum and BSC networks to complete a swap of USDT to TRON network USDT. TRON network allows users to complete swaps in just a second without paying any fees.
Users have already completed more than 100 million transactions of USDT in TRON network. The total supply of USDT in TRON is $39 billion, which is 50% bigger than in Ethereum.
To complete this integration Rubic is using Panama Bridge and it allows users to transfer their USDT from both BSC and Ethereum networks to TRON. Since it’s the only start of integrating TRON network to Rubic.exchange, currently users will only be able to swap USDT to TRON network. The Rubic team is planning to introduce instant trades for TRON and a bridge from TRON to BSC and Ethereum in the nearest future. Our development of the TRON network will also include the bridge from TRON to other networks. The ETA’s for all these features will be announced later this month.
HOW to use the TRON bridge?
Step 1. Install MetaMask wallet (www.metamask.io) and connect it to Rubic.exchange.
Step 2. Choose your exchange destination (from Ethereum or Binance Smart Chain to TRON)
Step 3. Enter your TRON wallet address. Your tokens will be transferred to it.
Step 4. Currently, users can only trade USDT and bUSDT to the corresponding TRON network version.
Step 5. Enter the number of tokens you want to swap (check below the minimum and maximum amount of tokens that you’re able to exchange). Next, proceed if you are satisfied with the returning amount of tokens (this includes the transaction fee).
Step 6. You can view the tokens’ contracts by clicking on ‘Check on Etherscan/TRONscan’.
Step 7. Click Create Swap, followed by MetaMask’s trade confirmation.
Step 8. Please wait until the transaction will be recorded in the blockchain. Once your transaction is accepted you will be notified. You can find the transaction details in the table.
What is the TRON network?
TRON is dedicated to building the infrastructure for a truly decentralized Internet. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers high-scalability, high availability, and high-throughput support that serves as the foundation for all decentralized applications in the TRON ecosystem. The protocol also uses an innovative, pluggable smart contract platform to improve compatibility with Ethereum smart contracts.
By the end of 2020, there were more than 1,400 TRON dApps with an average of about 10,000 active users per day. TRON blockchain users already completed 1.3 billion transactions and over 16 million wallets created.
Rubic is a multichain DeFi ecosystem, which features cross-chain, P2P, instant swaps, and limit orders across multiple blockchains, aiming to deliver a complete ONE-STOP decentralized platform. Rubic platform is the place where users can complete cross-chain swaps using different solutions and get the best rates from all leading protocols (thanks to a DEX aggregator implementation), as well as P2P swaps within an Order Book where users can make deals on their terms.
For the moment, Rubic supports trades on Ethereum, Polygon (ex Matic), and Binance Smart Chain networks.