Tether won’t confirm or deny if it’s dropping USDT on Tron

0

Tether did not make a specific comment on whether it plans to drop support for Tron after rival Circle dumped the network over safety concerns.

Stablecoin issuer Tether didn’t provide a definitive answer on whether or not it would cease support for the Tron network after its rival Circle ceased minting its stablecoin on the blockchain on Tuesday.

“Tether tokens are issued on several blockchains, which are simply transport layers for such tokens,” Tether said in a statement to Cointelegraph when asked for comment about Circle and whether Tether was considering a similar move.

“Tether retains the ability to freeze transactions on each directly supported transport layer to accomplish its compliance duties. Nevertheless Tether actively monitors the safety of each one of the supported transport layers to ensure the highest standards to our community,” the firm said.

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *