Pornhub Adds USDT to Its Payment Options Using the TRON Blockchain

Adult entertainment website Pornhub has added Tether’s USDT stablecoin to its payout options for models, months after PayPal abruptly cut off the platform’s services.

According to the company’s announcement, the payouts are set to be conducted using the TRONLink wallet. The announcement explains that since PayPal decided to “stop payouts to thousands of Models” Pornhub has been working on offering more options to its models.

It adds:

USDT transactions can be done globally within a few seconds and there are no fees. Since USDT and TRON blockchain have partnered up, we can now pay Models securely through TRONlink, a cryptocurrency wallet.

As CryptoGlobe reported, Pornhub initially started paying out in Verge (XVG) when PayPal cut off its services, although the company at the time revealed it was evaluating adding other cryptocurrency payout options. USDT was likely chosen as its peg to the USD might make it a more viable option than a volatile crypto.

Pornhub has been accepting cryptocurrency payments for a while now, having added TRON’s TRX and ZEC back in 2018. USDT has been growing on the TRON blockchain, so much so that earlier this year we reported 900 million TRC20 USDT tokens had already been issued, representing 22% of the stablecoin’s total supply.

Justin Sun, TRON’s CEO, said Pornhub’s decision to add USDT via the TRONLink wallet was a “brilliant way to support the victims of centralized payment platforms like PayPal.”

It’s worth noting that as of September 2018, Pornhub revealed that less than 1% of its users were paying for its subscription using cryptocurrencies. It revealed, however, it remained optimistic as a spokesperson for the firm said: “we expect to see widespread adoption of crypto[currency] and blockchain on our site in the near future.”

Featured image via Pixabay.