🔐 Admin Control in TON Stablecoins: What Every User Must Know

🧭 Introduction One day I needed to choose a stablecoin for use in one of my startups. Initially, I had only two options: Tether USD (USDT) Ethena USDe They are the most popular stablecoins on the TON blockchain. To make a proper decision, I decided to explore their source codes. I was surprised when I saw that admins of these contracts are able to perform operations that can potentially lead to loss of user funds and that go beyond standard fungible token functionality . 🛡️ Stablecoin Admin Permissions I explored the following smart contracts in detail: TON Standard Jetton contracts TON Standard Stablecoin contracts Tether USD contracts Ethena USDe contracts Both stablecoins are based on the stablecoin sample smart contract from the TON Foundation GitHub: https://github.com/ton-blockchain/stablecoin-contract In the README file of the repository, we can find the following text: This project was created to allow users to exchange and buy assets in the TON DeFi ecosystem for a jetton (tok