📣 Tether Introduces Cross-Blockchain USDT Recovery Tool
postedΒ 4 Mar 2024
As a stablecoin that exists independently of the specific blockchains it utilizes for transactions, USDT's adaptability on over 15 blockchains has prompted Tether to offer a fallback for users against potential blockchain failures. The company has unveiled a tool designed for the recovery of USDT tokens across a multitude of blockchains.
Should any blockchain supporting USDT face issues, users can now restore access to their stablecoins on an alternative network. This new system, accessible through a dedicated interface and command line, aims to offer a straightforward recovery method.
The simplicity of the recovery process is a key focus for Tether: users need to cryptographically prove their ownership of USDT addresses on the compromised blockchain and specify the transfer destinations. Following this verification, the recovery proceeds automatically.
The tool also supports popular browser applications and hardware wallets, including Ledger and Trezor, for added convenience.
Should any blockchain supporting USDT face issues, users can now restore access to their stablecoins on an alternative network. This new system, accessible through a dedicated interface and command line, aims to offer a straightforward recovery method.
The simplicity of the recovery process is a key focus for Tether: users need to cryptographically prove their ownership of USDT addresses on the compromised blockchain and specify the transfer destinations. Following this verification, the recovery proceeds automatically.
The tool also supports popular browser applications and hardware wallets, including Ledger and Trezor, for added convenience.
More breaking news
