Blocked Tether USDT. How, for what and why? Tether USDT block | Cryptoage.com

Blocked Tether USDT. How, for what and why?

Tether USDT blockedToday, stablecoins are one of the most important elements in the blockchain industry, on which many services and almost all trading on cryptocurrency exchanges are based. The leader among stablecoins is USDT from Tether, and as you might guess from the name USDT is an analogue of USD (United States dollar) only in the form of ERC-20 tokens, which allows you to give the American dollar all the properties of cryptocurrencies, namely, speed and reliability of transfer, anonymity, divisibility up to 12 decimal places, and at the same time, the value of USDT is always equal to 1 USD, which is very convenient in a volatile cryptocurrency market. But USDT has one unpleasant feature - it is the ability to block all USDT on the wallet. And Tether is actively using this opportunity, because. 810 wallets (addresses) worth $435 million have already been blocked. How this is possible and how to check if USDT is blocked on your wallet or not, we will tell in this article.
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