USDt on TON or how your funds can be blocked
Centralized stablecoins provide the opportunity to preserve the value of capital without withdrawing money from the blockchain. But there is another side:
A fund that provides price pegging to, for example, the dollar is subject to regulatory requirements. For the execution of which, it is necessary to implement the ability to block funds🛑, etc., at the smart contract level.
Stablecoin from Tether on TON is no exception: the admin of the master contract has the opportunity to both block funds on certain wallets and completely change the code and data of the master contract!
So that we can understand how it works, I analyzed the centralized stablecoin standard on TON:
ENG LINK | RU LINK
Don’t worry if you don’t understand smart contracts on TON, in this article I go over everything from the very basics to the mechanics of blocking in the contract code. I will be glad to see your likes and views 👀 on the article...
If you want to purchase USDt on TON, you can do this on centralized exchanges, for example, Bybit, or on DEX, for example, Stonfi
Centralized stablecoins provide the opportunity to preserve the value of capital without withdrawing money from the blockchain. But there is another side:
A fund that provides price pegging to, for example, the dollar is subject to regulatory requirements. For the execution of which, it is necessary to implement the ability to block funds🛑, etc., at the smart contract level.
Stablecoin from Tether on TON is no exception: the admin of the master contract has the opportunity to both block funds on certain wallets and completely change the code and data of the master contract!
So that we can understand how it works, I analyzed the centralized stablecoin standard on TON:
ENG LINK | RU LINK
Don’t worry if you don’t understand smart contracts on TON, in this article I go over everything from the very basics to the mechanics of blocking in the contract code. I will be glad to see your likes and views 👀 on the article...
If you want to purchase USDt on TON, you can do this on centralized exchanges, for example, Bybit, or on DEX, for example, Stonfi