Justin Sun, founder of Tron, has recommended using the Tron blockchain’s native multi-signature (multi-sig) cold storage to hold large amounts of USDT securely.
In the post, he argues that Tron offers superior security and management features compared to Ethereum, making it the ideal choice for institutional and high-net-worth holders of USDT.
Sun points out that USDT issued on “Tron is fully recognized by Tether on a 1:1 basis, similar to USDT on Ethereum.” However, Tron provides distinct advantages in terms of storage and security. He also highlights that Tron currently holds over 62 billion USDT, reinforcing its reliability as a network for stablecoin transactions.
Unlike Ethereum, which relies on external smart contract solutions like Gnosis Safe for multi-sig transactions, Tron has native multi-sig support at the blockchain level. This means that as long as the Tron network remains secure, multi-sig transactions remain protected without additional risks from smart contract vulnerabilities.
Another major advantage is transaction transparency on Ledger devices. On Tron, multi-sig transactions clearly display details such as the token name, amount, sender, and recipient. This eliminates the risk of “blind signing,” a security concern on Ethereum, where users may unknowingly approve malicious transactions.
Additionally, when changes are made to multi-sig permissions, Ledger devices flag them as “unknown type” actions, making it easier for users to distinguish between real transactions and potential security threats.
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