eCryp.to
Crypto News & Watchlists

Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase

Stablecoin issuer Tether (USDT) is launching its dollar-pegged asset over The Open Network (TON), giving it access to the user base of the popular messaging platform Telegram.

In a new article, Tether says that it is launching both USDT and Tether Gold (XAUT), its gold-backed crypto asset, over the layer-1 protocol TON, bringing its total coverage to 15 blockchains.

According to Tether, Telegram’s instant messaging system can be used to quickly send peer-to-peer payments across the globe.

“The TON blockchain works with Telegram, meaning USDT and XAUT on TON have the potential to provide a simple, borderless experience for peer-to-peer (P2P) payments for Telegram’s user base, which Telegram estimates at over 900 million global users.”

According to Tether, adding the most popular stablecoin in the world to TON is going to greatly boost activity and liquidity over the blockchain.

“This integration is poised to boost activity and liquidity on TON, simplifying access to capital for developers and users across various use cases while offering benefits for users by allowing them to hold and move USDT with their TON wallet.

The inclusion of USDT, the widest and most utilized stablecoin in the industry, offers significant support for TON in its ongoing development of a robust financial and payments infrastructure.”

Other notable blockchains USDT is a part of include Ethereum (ETH), Polygon (MATIC), Solana (SOL), and Avalanche (AVAX).

Earlier this week, Tether announced that it will be branching out its business model and adding four new divisions – data, finance, education, and power – as a means of creating an inclusive, future-proof financial and tech ecosystem.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Blue Planet Studio/WindAwake

The post Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

No coins selected