Tether Freezes 11.96 Million USDT on Tron Address

According to Whale Alert, the stablecoin issuer used its blacklist function in a smart contract (self-executing blockchain code) on March 14 to block funds held at a Tron wallet address.

USDT

TRX

48d ago

Summary

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Terms & Concepts

USDT: A U.S. dollar-pegged stablecoin issued by Tether, widely used for trading, transfers, and liquidity across crypto markets.
Tron: A blockchain network that supports digital asset transfers and smart contract (self-executing blockchain code) activity, often used for stablecoin transactions.
Blacklist function: A control feature in a token’s smart contract (self-executing blockchain code) that allows an issuer to restrict specific wallet addresses from moving funds.