TRX is basically the crypto shorthand for Tron and it's blockchain / network.  TRON is a blockchain-based operating system and decentralized application (dapp) platform. Within it are cryptocurrencies / tokens that are used such as TRC-20. TRC-20 is interpreted as a 'Stable Coin'.  A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U.S. dollar or gold. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin.

TRC-20 STABLE COIN

TRC-20 is the token standard that all developers and users must follow to create and manage a token on the TRON Blockchain. TRC-20 tokens are created using smart contracts and must also follow six compulsory and three optional requirements so that they can be issued, traded, and be supported by digital wallets.

ADDRESS STYLE:
  • Stablecoins built using TRC-20 tokens always start with a capital T.
see example as shown below

TS47SpwU4X7xjVw9bYf6pU9TuSB3MALpqR

BLOCKCHAIN / NETWORK:
  • TRC20 stablecoins are built on the TRON blockchain network.
SPEED OF TRANSFER:
  • Transferring TRC20 stablecoins on TRON is very fast, taking seconds to only a few minutes. You can carry out transactions faster than any other network.
GAS FEES:
  • TRON has one of the most cost-effective gas fee rates in the whole crypto market. Say you have performed some transactions using TRC-20 stablecoin on TRON. You can have your transactions minted into the blockchain network for only 2 USD which is equal to $2 US dollars.
SECURITY:
  • TRON is also on its way to catch up with ETH in becoming a highly secure and safe platform to carry out transactions of stablecoins.
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