Discussion on USDT Storage Solutions

As discussions continue regarding secure storage solutions for large USDT 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.

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.

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.

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.