Tether, the largest stablecoin USDT creator, has launched a new official recovery tool. This tool aids in moving USDT holdings between blockchains smoothly, reducing potential disruptions caused by blockchain interruptions. It guarantees uninterrupted access to USDT for its wide user base.
The recovery tool provides users with a streamlined process to initiate the migration of USDT from affected blockchains. Through a user-friendly interface, individuals can verify ownership of their addresses on the unresponsive blockchain and designate a recipient address on another supported blockchain.
Tether employs security measures, including cryptographic signatures and support for popular browser extension wallets and hardware wallets like Ledger or Trezor.
Additionally, a command-line interface enables users to input their private keys and sign messages using open-source scripts locally.
Tether’s USDT operates on almost 15 blockchains like Bitcoin, Ethereum, Polygon, Solana, Tron, and Tezos, highlighting its responsibility. The company ensures security by assessing potential risks before integrating with new blockchains.
Also read: Wall Street Journal sued over Tether-Bitfinex coverage
