As the Market is Rocked by the Bybit Incident, Justin Sun Invites Users Holding Large Amounts of USDT to the Network! Here’s Why

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.

1. 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.

2. 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.

3. 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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