TrueUSD started trading in Bittrex, is it the end of Tether?

So today TrueUSD started trading in Bittrex which is claimed to be a price stable cryptocurrency which means each 1 TrueUSD will be redeemable for 1 US Dollar.

To withdraw TUSD to USD you need to send the TUSD to an escrow agents or trust agents who will wire the USD to your account and the TrueUSD coins are burned. Below is the image taken from TrueUSD website.

PC : https://www.trueusd.com/

Since TrueUSD has started trading, does it mark as the end of Tether. Thoughts?