Starting this Monday, Bitso —the leading financial services company powered by crypto in Latin America— has integrated the Tron network for USDT (Tether) transactions, which will enable faster operations and at a lower cost to Bitso clients in all the countries where it operates.

Currently, Latin America is the seventh largest cryptocurrency market, with a growth of 40% compared to the previous year, according to Chainalysis, where cryptocurrencies have adapted to the needs of each country: as a form of investment, conservation of savings against inflation and for sending funds. The possibility of receiving USDT offers opportunities both for those who work remotely and for those who need to carry out transactions between territories, so this integration will expand the possibilities to do so with lower fees.

By selecting the Tron network, individual and institutional clients of Bitso will be able to make deposits and withdrawals more efficiently, which will offer an additional solution to move business or personal funds, as well as the possibility of protecting their assets from inflationary changes or unstable economic contexts. 

Until now, operations on Bitso with USDT, the stablecoin linked to the dollar, could only be carried out through the Ethereum network. Also, the recent addition of the USDC/USDT pair to Bitso has enabled digital dollar trading to be straightforward, simple and hassle-free, enhancing the trading experience.

Now, the integration with the Tron network adds to the company's efforts to meet the needs of the crypto community in Latin America, as well as for institutional clients, who will be able to carry out operations with cryptocurrencies between territories in real-time and at more profitable rates.

“The Tron network is known for its speed and efficiency and thanks to this integration, USDT transactions will be confirmed in seconds, allowing our clients to take full advantage of market opportunities with significantly lower transaction fees. This project is aligned with our mission to make crypto useful by promoting use cases that solve the real needs of people in the countries where we operate” commented Andrés Salcedo, Head of Crypto at Bitso.

Since its founding in 2017, the Tron network has entered the world of cryptocurrencies, promoting more agile transactions with stablecoins around the world and with minimal cost, compared to networks like Ethereum.

The stablecoin market capitalization is currently dominated by the Ethereum network with 59.9%, followed by the Tron network with 27%, according to CoinGecko's 2023 Stablecoin Report, so this integration will diversify the market. way to transact with dollar-denominated cryptocurrencies in the region.