Tron fully supports the UN’s stance against malicious actors in the blockchain space, leveraging stablecoin such as Tether’s USDT.
The report accurately reflects, “Tether issues tokens on Bitcoin (Omni and Liquid Protocol),
Ethereum, EOS, Tron, Algorand, SLP and OMG Network Blockchains..” However, it is inaccurate to allege that USDT transactions facilitated with Tron’s TRC-20 protocol are “a preferred choice” for bad actors.
TRC-20 is indeed the world’s most popular on-chain settlement protocol by USDT circulation with over 50% of the global market share, followed by Ethereum. This market share is a testament to the superior trust bestowed upon the Tron blockchain by the global community.
Tron actively engages with leading on-chain forensic partners to exchange information regarding transactions on the blockchain which play a vital part in the broader industry.Tron Network takes pride in staying on the frontier of the blockchain industry, which is a decentralized technology by design used for good. As a decentralized technology however, Tron cannot comment on the actions of independent third parties, including Tether. Tron fully supports the UN’s stance against malicious actors in the blockchain space. However it is fundamentally flawed to assert that Tron, Ethereum or similar decentralized protocols may exercise direct control over those who leverage this open-source technology .