How Tether uses its USDT 'recovery mechanism' to restore lost user funds

Quick Take

  • Tether has the power to “recover” USDT  if a user says they sent it to the wrong address.
  • Here’s an explanation of when they use it, and how it works.
Tether apparently has the power to freeze, destroy, and issue new tokens if a user claims to have sent USDT to the "wrong" address.

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly


per year
Join Now


per month
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post