As discussions continue regarding secure storage solutions for large USDT ($1.00) holdings, Tron founder Justin Sun suggests using a cold multi-sig approach to Tron’s blockchain for greater security and efficiency.
Why Tron for USDT Storage?
USDT on the Tron network is fully recognized by Tether on a 1:1 basis, just like its Ethereum counterpart. With over 62 billion USDT issued on Tron, the blockchain offers many significant advantages in terms of security, governance, and transaction transparency.
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Local Multi-Signature (Multi-Sig) Security
- Tron provides built-in multi-signature functionality at the blockchain level, unlike Ethereum which relies on third-party smart contract solutions like Gnosis Safe.
- This eliminates smart contract vulnerabilities that were previously exploited in Ethereum’s multi-signature deployments.
- As long as the Tron network remains secure, its multi-sig structure will remain intact.
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Transparent Transactions and Enhanced Security
- Multi-sig transactions on Tron are completely transparent to Ledger hardware wallets, significantly reducing the risk of blind signing, a common vulnerability on Ethereum.
- When using Ethereum’s multi-sig solutions, wallet signers may unknowingly approve malicious transactions due to smart contract complexities.
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Clearer Signatures and Permissions
When using Tron multi-sig for USDT transactions:
- Ledger devices clearly display details such as token name, amount, sender, and receiver.
- When changing multi-sig permissions, the Ledger appliance marks these actions as “unknown type” to help users distinguish between standard operations and security-critical configuration changes.
Conclusion
With its built-in protections and lower risk of smart contract abuse, Tron offers a superior alternative to Ethereum for enterprise-grade USDT storage.
*This is not investment advice.
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