BTC

$84310.476

0.56%

ETH

$1988.412

0.75%

XRP

$2.407

0.52%

BNB

$631.237

0.19%

News

Telegram Wallet Rolls Out Zero-Fee USDT Purchases in 60 Countries

2 mins mins

Key Points:

  • Telegram Wallet now allows fee-free USDT purchases in 60 countries to enhance stablecoin adoption in partnership with TON and Mercuryo.
  • Tether faces regulatory challenges in Europe, with major exchanges planning to delist USDT to comply with the MiCA framework.

Telegram Wallet has introduced zero-fee USDT purchases, expanding accessibility to stablecoins in over 60 countries across Europe, Latin America, and Southeast Asia.

Read more: Telegram Wallets Must Integrate with TON Connect by Feb 21 or Face Suspension

Telegram Wallet Introduces Zero-Fee USDT Purchases

The feature is powered by The Open Network (TON) in partnership with Mercuryo, a payment infrastructure provider. It aims to lower deposit costs and enhance stablecoin adoption.

Telegram Wallet, integrated within the Telegram messaging app, supports transactions in Toncoin (TON), Bitcoin (BTC), and Tether (USDT). The platform enables users to conduct transactions without relying on external exchanges.

Beyond basic transactions, Telegram Wallet offers peer-to-peer (P2P) trading services, allowing users to buy and sell cryptocurrencies directly. Additionally, the wallet facilitates instant, fee-free transfers between Telegram accounts, making digital assets as seamless to exchange as regular messages.

Tether Faces Regulatory Hurdles in Europe

The introduction of zero-fee USDT purchases in Telegram Wallet offers users a cost-effective way to acquire the stablecoin.

Meanwhile, Tether faces regulatory challenges in Europe as the region adapts to the Markets in Crypto-Assets (MiCA) framework. Major exchanges, including Coinbase, Kraken, and Crypto.com, have signalled plans to delist USDT to comply with evolving regulations.

Beyond cryptocurrency, Tether is diversifying its investments. The company recently acquired a strategic minority stake in Juventus Football Club, a globally recognized Italian team.

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.

Rate this post
Follow us on Google News

Telegram

telegram wallet

Tether

TON

USDT

Avatar of John Kojo Kumi

John Kojo Kumi

14 February 2025, 14:46:12 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

Other Posts: