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Mr 420

2024/01/20 20:07

Tron Refutes UN Study Findings Linking TRC-20 USDT

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Tron decentralized autonomous organization (DAO) has refuted parts of a United Nations (UN) study which asserts that USDT transactions facilitated via its TRC-20 protocol are mainly performed by bad actors. In a statement, Tron DAO said it actively engages on-chain forensic partners to exchange information regarding transactions on the blockchain. Tron implied that this step helps it block or stop malicious actors from using the protocol.

As reported by Bitcoin.com News recently, the UN’s study suggested that money launderers and fraudsters in Southeast Asia are increasingly using the stablecoin USDT when making payments or transferring funds. A regional representative of the world body claimed that a lack of relevant regulations could be the reason why tether has become the preferred choice for bad actors.
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