Tether, the company that created USDT, which reached a market value of $100 billion the other day, introduced a new “recovery tool” to the crypto industry. In the official announcement made by the company, it was stated that in case of a problem in a blockchain, USDTs in that chain can be transferred to another chain.

In the announcement, it was also stated that there are many unexpected scenarios or crises, and this recovery tool will be used within the framework of these measures.

How will it work?

In the situation where a USDT trader is unable to move their tokens on a blockchain that is experiencing problems, is not working, or has started to lose trust, the Tether company will step into action.

If the user can verify both the address on the problematic blockchain and the address on the chain to which they want to transfer their USDT, then Tether will be able to transfer these tokens to the desired chain on behalf of this user.

The recovery tool can also be used in cold wallets such as Ledger and Trezor, as well as wallets in browser plug-ins. Users will also be able to make this transfer with a program with a simple interface.

USDTs are currently available on 15 blockchains such as Bitcoin, Ethereum, Polygon, Solana, Tron and Tezos.