{"id":11295,"date":"2024-03-04T19:50:06","date_gmt":"2024-03-04T17:50:06","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-introduces-usdt-recovery-tool\/"},"modified":"2024-03-04T19:50:06","modified_gmt":"2024-03-04T17:50:06","slug":"tether-introduces-usdt-recovery-tool","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-introduces-usdt-recovery-tool\/","title":{"rendered":"Tether Introduces USDT Recovery Tool"},"content":{"rendered":"<p>Tether, the issuer of the USDT stablecoin, has unveiled an asset recovery tool.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Safeguarding Tether Tokens: A Comprehensive Approach to Blockchain Resilience and User Protection<\/p>\n<p>Read more: <a href=\"https:\/\/t.co\/2Cc5Bnixh2\">https:\/\/t.co\/2Cc5Bnixh2<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1764641072393650387?ref_src=twsrc%5Etfw\">March 4, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The tool will enable the transfer of USDT between blockchains in the event of a failure in one of the supported networks.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c[\u2026] Tether conducts a rigorous <a href=\"https:\/\/ru.wikipedia.org\/wiki\/Due_diligence\">due diligence<\/a> process to assess potential risks and vulnerabilities. Despite these precautions, there is always a risk of technical difficulties,\u201d the press release states.<\/p>\n<\/blockquote>\n<p>After confirming wallet ownership in the non-operational blockchain, users will be able to receive their USDT in another network via a standard signature in the web interface. Support for Ledger or Trezor is also implemented.<\/p>\n<p>The stablecoin operates on several networks, including Ethereum, Solana, Algorand, Avalanche, EOS, Near, and Tron.<\/p>\n<p>In June 2023, Tether announced the addition of support for the Kava first-layer blockchain. Two months later, the company ceased issuing USDT in the Kusama, Bitcoin Cash SLP, and Omni Layer ecosystems.<\/p>\n<p>On March 4, 2024, USDT&#8217;s market capitalization surpassed $100 billion. At the time of writing, the figure stands at $99.3 billion, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-04-v-19.38.24.webp\" alt=\"Snimok-ekrana-2024-03-04-v-19.38.24\" class=\"wp-image-227398\"\/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>Back in the fourth quarter of 2023, Tether&#8217;s net profit reached a record $2.9 billion, as reported <a href=\"https:\/\/forklog.com\/en\/news\/tethers-q4-net-profit-reaches-2-9-billion\">here<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether, the issuer of the USDT stablecoin, has unveiled an asset recovery tool. Safeguarding Tether Tokens: A Comprehensive Approach to Blockchain Resilience and User Protection Read more: https:\/\/t.co\/2Cc5Bnixh2 \u2014 Tether (@Tether_to) March 4, 2024 The tool will enable the transfer of USDT between blockchains in the event of a failure in one of the supported [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1245],"class_list":["post-11295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"52","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11295"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11294"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}