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Tether is extending its reach into Telegram’s Web3 ecosystem. On April 19, the leading stablecoin issuer, announced it would launch its U.S. dollar-pegged USDT A remarkable feat that saw a massive increase in the USDT on TON hitting over $1 billion in only six months, an indicator of the capability of the emerging dynamic duo. Tether, the company behind the $108 billion market cap USDT, said it is expanding the dollar-pegged stablecoin and its gold-backed XAUT sibling natively on The Tether has strategically expanded its stablecoin offerings to The Open Network (TON), a blockchain platform originally developed by Telegram. This integration Tether, the issuer of the top stablecoin USDT, has integrated TokenPocket, a leading multi-chain wallet, on the Telegram Open Network [TON]. With this TON joins Ethereum and Binance

Tether Expands Stablecoin Dominance to TON Network, Fueling Explosive Growth

Tether, the leading stablecoin issuer behind the $108 billion USDT market cap, is strategically expanding its dollar-pegged stablecoin and its gold-backed XAUT sibling natively on The Open Network (TON), a blockchain platform originally developed by Telegram. This integration marks a significant step in Tether's continued growth and extends its reach into Telegram’s Web3 ecosystem. On April 19th, Tether announced the launch of its U.S. dollar-pegged USDT on TON.

USDT on TON: A Rapid Rise to $1 Billion

The introduction of USDT on TON has been a resounding success. A remarkable feat saw a massive increase in the USDT on TON hitting over $1 billion in only six months, an indicator of the capability of the emerging dynamic duo. This rapid adoption underscores the growing demand for stablecoins within the TON network and highlights the efficiency and scalability it offers.

Tether Integrates with Key TON Infrastructure

Further solidifying its commitment to the TON ecosystem, Tether, the issuer of the top stablecoin USDT, has integrated TokenPocket, a leading multi-chain wallet, on the Telegram Open Network [TON]. This integration enhances accessibility and usability for users within the TON network, providing seamless access to USDT and other digital assets. With this TON joins Ethereum and Binance in offering native USDT support, showcasing its increasing importance in the blockchain landscape.

Tether's Strategic Expansion: Why TON?

Tether's decision to expand to TON is driven by the network's unique advantages, including its close integration with Telegram's vast user base. The Tether has strategically expanded its stablecoin offerings to The Open Network (TON), allowing millions of Telegram users easy access to stablecoins for payments, trading, and other applications. This move strengthens Tether's position as the dominant stablecoin provider and fuels the growth of the TON ecosystem.

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