- Trust Wallet faces USDT TRC20 transaction halts post-Tron network update.
- Android update released for users facing USDT issues.
- iOS users still awaiting resolution through app update.
USDT (TRC20) transfers on Trust Wallet were disrupted due to a Tron network update, causing transactions to fail. An Android app update has been deployed to address the issue.
The update is significant as it resolves transaction failures affecting USDT users on Android, while iOS users await a subsequent release.
Tron Upgrade Triggers USDT Transfer Halt
Trust Wallet users encountered issues with USDT (TRC20) transfers due to a Tron network upgrade. This necessitated an update to the Trust Wallet app to restore transaction capabilities.
The Trust Wallet team promptly released an Android app update to fix the problem. The update addresses transaction failures that arose from recent network changes, as reported by the Trust Wallet Community Moderator, Trust Wallet , who noted that “Android version 6.75 is available for users. This version fixed the error… and all TRC-20 token functionality should work. Kindly update your app to the latest version if you are using an android device.”
Decreased TRC20 Liquidity Impacts Market
The immediate effect involved transaction failures for USDT holders on Trust Wallet, significantly impacting users reliant on fast transfers. The market saw a decrease in TRC20 liquidity flows.
Financially, users experienced depleted TRX balances due to repeated transaction attempts. Business operations relying on seamless USDT transfers were also affected temporarily.
Repeating Issues: February 2023 Comparison
Similar issues were reported previously in February 2023 following another Tron upgrade. This led to temporary suspensions in USDT transactions on the platform.
Experts suggest that such incidents could continue to occur with future network changes, urging users to maintain sufficient TRX for transaction fees. Historical data indicates prompt resolution through app updates.
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