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Tether (CRYPTO: USDT) has officially been issued on the TON (CRYPTO: TON) blockchain. What Happened: This announcement was made by Tether CEO Paolo Ardoino at Token2049 in Dubai, marking a pivotal moment for both organizations involved.
Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network (TON), by 17% in the past 24 hours. Tether Expands Reach To 15 Blockchains On Friday, Tether announced the launch of its USDT dollar-pegged token and Tether Gold (XAUT), a gold-backed digital token, on The Open Network.
The TON Foundation team announced the launch of an incentive program dedicated to cooperation with Tether.
On 19 April 2024, the TON Foundation announced a announced a significant development in digital finance with the launch of USDt (Tether) on The Open Network (TON), which is integrated with the globally popular Telegram messaging service.
Shortly after Pavel Durov finished his speech at TOKEN2049 in Dubai, Toncoin (TON), a core cryptocurrency of Telegram messenger, ended its spectacular seven-week rally.
Tether expands stablecoin reach, bringing USDT and XAUT to the TON blockchain in another win for Telegram users.
Tether Operations puts its Tether USDT and Tether Gold (XAUT) into operation on The Open Network (TON). This is in line with the crypto registration strategy to make cross-border payments easy and convenient.
TL;DR Tether Integration: Tether has launched its USDT and XAUT stablecoins on Telegram's TON blockchain, aiming to enhance liquidity and create a financial experience akin to traditional systems. Blockchain Expansion: With the addition of TON, Tether's stablecoins are now available on 15 blockchains, bolstering TON's position as the ninth-largest blockchain by market value.
TON, the native cryptocurrency of the Toncoin network, has been trading sideways for over a week amid the pre-halving consolidation in the market. While the formation of the short body candles with high weeks reflects no initiation from buyers or sellers, a long-coming support trendline assures the mid-term trend remains bullish on Toncoin.
Stablecoin issuer Tether confirmed to CryptoSlate its expansion of US dollar-backed USDT and gold-backed XAUT stablecoins onto The Open Network (TON) blockchain, according to an April 19 statement. The move aims to enhance the utilization of stablecoins for cross-border and peer-to-peer transactions among the 900 million users of the TON-related Telegram messaging application.
Tether expands onto the TON blockchain, introducing USDT and XAUT stablecoins.
Unlike other stablecoin issuers, Tether says it is focused on offering stablecoin services to the world's unbanked, which amounts to over 300 million people.
Tether has allegedly minted $10 million in its largest stablecoin by market value on the TON blockchain in a move signaling potential expansion. Tether Holdings Ltd.
As the countdown to the highly anticipated Bitcoin halving event inches closer, Tether, the prominent issuer of USDT, has made a notable move by minting an additional one billion USDT on the Ethereum network. This maneuver by Tether comes at a crucial point, with the Bitcoin halving set to occur in mere hours, now less than 100 blocks away.
Tether launches USD and XAU on The Open Network, expanding its blockchain presence and enhancing P2P payments for Telegram users. The post Tether launches native USDT and XAUT stablecoins on TON's blockchain appeared first on Crypto Briefing.
Tether, the largest stablecoin company, on Friday expanded support for USDT stablecoin on the TON network, as per sources familiar with the matter. Moreover, Telegram CEO and Tether CEO made an official announcement of the issue of USDT on The Open Network (TON) blockchain during the TOKEN2049.
Tether launches USDT and XAUT stablecoins on TON blockchain, strengthening ties with Telegram's Web3 ecosystem and enhancing global payment capabilities.
The partnership with Tether is meant to rapidly expand TON's attractiveness to a broader audience of non-crypto savvy Telegram users.
The launch of USDT and XAUT on TON expands Tether's presence across the crypto sphere.
Tether has strategically expanded its stablecoin offerings to The Open Network (TON), a blockchain platform originally developed by Telegram.
Tether is expanding support for its USDT stablecoin and its gold-backed stablecoin XAUT to The Open Network (TON).
Tether and Telegram's Web3 ecosystem are coming closer together with USDT and XAUT launch on the TON blockchain.
The TON network has seen rapid growth recently helped by incentives for onboarding Telegram users.
Ethena's USDe has recorded explosive growth over the past month. Can it compete with Tether and Circle given its inherent risks?
