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Tether does not provide information about USDT support on TRON

Tether, the issuer of the USDT stablecoin, has not announced whether it plans to withdraw support for its “stable coin” on the TRON network. This is reported by Cointelegraph with reference to the company's statement.

“USDT stablecoins are issued on multiple blockchains, which are simply transport layers. Tether retains the ability to freeze transactions on each supported network to fulfill its compliance responsibilities,” the USDT issuer said in a statement.

Note that Cointelegraph turned to Tether after Circle announced that it would gradually stop issuing USDC stablecoins on the TRON blockchain to ensure the reliability and transparency of the asset.

At the time of writing, the TRON network stores more than 50% of all USDT – 51.8 billion. Another about 45 billion USDT is stored in Ethereum.

At the end of January 2024, Tether authorized the release of another 1 billion coins on the TRON network.

Source: Cryptocurrency

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