Market Data 
- Tron’s native multi-sig support makes it a top choice for secure USDT cold storage, offering transparency and enhanced security.
- Kraken plans a MiCA-compliant stablecoin as EU regulations push exchanges to delist USDT and other non-compliant tokens.
- Kraken’s USDT delisting in the EEA begins Feb. 27, with full spot trading halted by March 24, reshaping stablecoin dynamics.
The Tron blockchain is emerging as a preferred choice for secure USDT cold storage. With 62 billion USDT issued on Tron, its native multi-signature (multi-sig) support offers a robust security framework. Besides, cryptocurrency exchange Kraken is reportedly exploring the launch of its own US dollar stablecoin. The move comes as European regulations force firms to delist USDT and other non-compliant tokens.
Cold Storage Recommendations for Large USDT Holdings
We have discussed storage solutions for large USDT holdings on our platform, and I recommend storing them on the Tron blockchain using a cold multi-signature (multi-sig) approach.
Reasons for this recommendation:
First, USDT…
— H.E. Justin Sun 🍌 (@justinsuntron) February 24, 2025
Tron’s Multi-Sig Storage Advantages
Storing USDT on the Tron network using a cold multi-sig approach ensures enhanced security and efficiency. Unlike Ethereum, Tron provides native multi-sig support at the blockchain level. Hence, Potential weaknesses are eliminated because security is independent of smart contracts. However, Ethereum depends on solutions like Gnosis Safe, which adds more dangers.
Moreover, Tron’s multi-sig transactions are fully transparent. Users can verify token details before approving transactions. This reduces the risk of blind signing, which is common on Ethereum. Additionally, any changes to multi-sig permissions are flagged as unknown types on Ledger devices. This distinction adds another layer of security, preventing unauthorized modifications.
Kraken Eyes Stablecoin Amid European Regulations
Meanwhile, Kraken is exploring its own stablecoin launch in response to tightening European regulations. Exchanges are being forced to remove USDT and other non-compliant assets from their lists by the European Union’s Markets in Crypto-Assets Regulation (MiCA). In order to cover the void created by Tether’s withdrawal, Kraken intends to launch a US dollar stablecoin that complies with MiCA.
The exchange aims to issue its stablecoin through its Irish subsidiary. Moreover, Kraken is set to launch its blockchain, Ink, in early 2025. This strategic move positions the exchange as a key player in the evolving stablecoin landscape.
Kraken has already begun a phased USDT delisting in the European Economic Area (EEA). By Feb. 27, USDT will be available only for selling. By March 24, all spot trading for the stablecoin will be halted.
