Tron’s Cold Storage Security earns interest in Kraken’s Stablecoin plan

• Tron’s native multisig support makes it your biggest choice for secure USDT cold storage, providing greater transparency and security.
• Kraken plans a mica-compliant Stablecoin as EU regulations abolish exchanges USDT and other non-compliant tokens.
• Kraken’s USDT will be delisted in the EEA, starting on February 27th, and by March 24th, full spot trading will be suspended and Stablecoin Dynamics will be rebuilt.

The Tron blockchain has emerged as a preferred option for secure USDT cold storage. With 62 billion USDT issued on Tron, its native multi-signature (multi-SIG) support provides a robust security framework. What’s more, cryptocurrency Exchange Kraken is reportedly investigating the launch of its own US dollar Stablecoin. The move comes as European regulations force businesses to abolish USDT and other non-compliant tokens.

Benefits of Tron’s Multisig Storage

Storing USDT on a Tron network using the Cold Multi-Sig approach increases security and efficiency. Unlike Ethereum, Tron offers native multisig support at the blockchain level. Therefore, security is independent of smart contracts, thus eliminating potential weaknesses. However, Ethereum relies on solutions like Gnosis Safe, and there are more risks.

Additionally, Tron’s multi-SIG transactions are completely transparent. Users can verify the token details before approving the transaction. This reduces the risk of blind signatures. This is common in Ethereum. Additionally, changes to multi-SIG permissions can be flagged as unknown type on ledger devices. This distinction adds another layer of security and prevents unauthorized changes.

Among European regulations, kraken’s eyes are stable

Meanwhile, Kraken is investigating its own Stablecoin launch in response to tightening regulations in Europe. The exchange is forced to remove USDT and other non-compliant assets from the list of European Union markets under Crypto-Assets Regulation (MICA). To cover the voids created by Tether’s withdrawal, Kraken intends to launch a stable US dollar coin that is mica-compliant.

The exchange is intended to issue Stablecoin through an Irish subsidiary. Additionally, Kraken plans to launch its blockchain, Ink, in early 2025. This strategic move places the exchange as a key player in the evolving Stablecoin landscape.

Kraken has already launched a gradual USDT registered with the European Economic Area (EEA). By February 27th, USDT will be available for sale only. By March 24th, all Stablecoin spot trading will be suspended.