Tether releases USDT cross-chain recovery tool! Solve the problem of asset stuck in blockchain crash

This site (120btC.coM): Tether, the issuer of the U.S. dollar stable currency USDT, issued an announcement yesterday (4th) that it has launched an official recovery tool (official recovery tool), and users can After any USDT-supporting blockchain is interrupted, verify its address ownership on that blockchain and the payee address on another USDT-supporting blockchain, transfer USDT assets: In order to solve the possible changes in the blockchain To avoid the risk of being unresponsive, unreliable or unavailable, Tether has built an official recovery tool to transfer USDT between blockchains. Users will be able to verify their address ownership on that blockchain and the recipient address on another USDT-enabled blockchain, and Tether will transfer USDT between them.

How to start USDT migration?

Tether announced that users affected by the public chain failure can choose to initiate the migration process through a user-friendly interface. Users can access the interface via web or command line tools, but cryptographic signatures are required when making migration requests to verify ownership of USDT.

Tether also noted that the process also supports popular browser extension wallets and hardware wallets such as Ledger, while the command line interface also allows users to directly enter private keys and use open source scripts on their local computers to generate the necessary information. Make a signature.

“USDT exists independently of the blockchain and only serves as a transport layer. This allows Tether to run on multiple blockchains and Tether customers can choose from nearly 15 blockchains , including Bitcoin, Ethereum, Polygon, Solana, Tron and Tezos. This widespread adoption highlights Tether’s commitment to interoperability and accessibility."

USDT market cap exceeds $100 billion

According to CoinGecko data, the market value of USDT briefly exceeded 100 billion US dollars yesterday (4th), continuing to hit a record high. The 24-hour transaction volume also reached 94 billion US dollars, ranking the third largest cryptocurrency in the entire cryptocurrency market. Second only to Bitcoin and Ethereum.

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