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Tether: USDT is issued on multiple chains, these blockchains are just the transmission layer of USDT

Tether: USDT is issued on multiple chains, these blockchains are just the transmission layer of USDT

Bitget2024/02/22 01:20
After Circle announced on Tuesday that it would stop minting stablecoins on the Tron chain, Tether, the stablecoin issuer, did not provide a clear answer as to whether it would cease support for the Tron network. When asked about Circle's comments and whether Tether was considering similar actions, Tether stated in a declaration that USDT tokens are issued on multiple blockchains, which merely serve as transmission layers for such tokens.
 
Tether retains the ability to freeze transactions on each directly supported transmission layer to fulfill its compliance duties. Despite this, Tether continues to actively monitor the security of every supported transmission layer to ensure our community meets the highest standards.
 
 
 
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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