Crypto News- Tether’s USDT Enters TON Blockchain: In a significant move to bolster ties within Telegram’s Web3 ecosystem, Tether stablecoin operator has announced the launch of its renowned stablecoins, including Tether USDT, on The Open Network (TON). This groundbreaking development was revealed by Tether Operations on April 19 during the Token2049 event held in Dubai, where industry stalwarts like Tether CEO Paolo Ardoino and Telegram founder Pavel Durov shared their insights.
Tether’s USDT Enters TON Blockchain: A New Era in Stability and Accessibility
The integration of USDT and XAUT onto the TON blockchain signifies a strategic alignment between Tether and TON, underlining their shared vision of fostering an open and decentralized internet alongside a borderless financial system. Ardoino emphasized that this move would facilitate seamless value transfer, enhance liquidity, and provide users with a financial ecosystem akin to traditional finance.
TON Blockchain Surpasses Dogecoin: A Rising Force in the Crypto Landscape
This milestone not only expands Tether’s footprint across 15 blockchains, including Ethereum and Tron but also underscores TON’s growing prominence in the crypto sphere. Recently, TON surged past Dogecoin to become the ninth-largest blockchain and cryptocurrency by market value, showcasing its rising influence.
One of the distinguishing features of Tether’s launch on TON is its potential to revolutionize peer-to-peer payments within Telegram’s vast user base, estimated to exceed 900 million globally. Jack Booth, TON Foundation’s marketing head, highlighted TON’s inherent capabilities in facilitating seamless fiat-to-crypto transfers, hinting at its ambition to outperform traditional finance in terms of efficiency and accessibility.
Moreover, the integration of USDT with TON isn’t a standalone event. Since 2023, USDT has been a staple cryptocurrency available on Wallet, a custodial wallet accessible to Telegram users. This integration underscores Tether’s commitment to catering to the diverse needs of crypto enthusiasts.
With USDT’s launch on TON, users can expect enhanced flexibility in managing their digital assets, as TON-based USDT joins TRC20 USDT on Wallet. This move further diversifies Tether’s presence in the crypto landscape, complementing its existing offerings across various blockchains.
Tether’s Innovative Leap: Introducing Seamless USDT Migration Across Blockchains
The announcement follows closely on the heels of Tether’s introduction of a recovery tool, enabling seamless migration of USDT between different blockchains. This tool, launched in March 2024, demonstrates Tether’s commitment to innovation and user-centric solutions.
In light of these developments, Tether’s USDT stablecoin continues to cement its position as a leading player in the crypto market, having recently surpassed a monumental $100 billion market cap on March 4. As Tether forges ahead with its expansion initiatives, the integration of USDT and XAUT on TON marks a significant stride towards reshaping the future of decentralized finance.
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