Key Points:
According to Tether’s website, $10 million worth of USDT on TON blockchain has been authorized, with $3 million already issued. Alongside USDT, other stablecoins such as EURT, CHNT, XAUT, and MXNT are also listed on Tether‘s transparency page.
Paolo Ardoino, the CEO of Tether, confirmed that USDT on TON blockchain will be available on April 20, aiming to facilitate borderless peer-to-peer payments among Telegram’s vast user base, estimated to be around 900 million globally. This expansion is expected to enhance the TON ecosystem, offering users opportunities to utilize stablecoins in decentralized finance (DeFi) applications.
This development marks a significant milestone for Tether, expanding its presence to 15 blockchains, including Tron and Ethereum. Additionally, for the TON network, which recently surpassed Dogecoin to become the ninth-largest blockchain and cryptocurrency by market value, this move signifies further growth and adoption.
TON recently hinted at a major announcement in collaboration with Tether, leading to excitement and speculation within the cryptocurrency community. The project also teased potential partnerships with other notable projects like STON.fi, Tonstakers, and Fanzee Labs.
While Toncoin‘s price surged over 12% in the last 24 hours, it’s worth noting that it is not available for users in the United States.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Bitcoin's price rose 3% to $70,200, influenced by excitement surrounding the US presidential election.
NY, United States of America, 5th November 2024, Chainwire
This Coincu's article presents a curated list of the top DePIN crypto projects with airdrop…
Polymarket user identified only as "wallet mobile" has just made an astonishing bet of $10…
Binance CEO Richard Teng stated that Western companies will benefit most due to regulatory influence.
The Cyprus Securities and Exchange Commission announced that the Cypriot Investment Firm (CIF) FTX license…
This website uses cookies.