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Tether (USDT), the world's largest stablecoin, has made a quick start on The Open Network (TON), with $60 million worth of USDT already issued on the blockchain.

Last week at the Token2049 crypto conference in Dubai, Tether unveiled its partnership with the TON Foundation, enabling Tether to mint USDT on the TON blockchain.

Tether's issuance of $60 million USDT and the launch of Tether Gold on the TON blockchain aims to boost peer-to-peer payments and benefit the rapidly growing TON ecosystem

This collaboration enables instant, free cross-border payments as easy as texting for Telegram's 900 million users. It transforms the way financial transactions are conducted globally.

In a groundbreaking move that could reshape the landscape of cryptocurrency, Tether, the foremost provider of stablecoins, has unveiled its latest venture: a partnership with the TON Foundation. This collaboration sees the launch of $60 million worth of USDT on the TON blockchain, marking a significant milestone in the expansion of Tether's influence within the digital asset space.

Tether has partnered with the TON Foundation, launching $60 million of USDT on The Open Network (TON) blockchain as announced at the Token2049 event in Dubai, making TON the 11th largest blockchain out of 16 supproting Tether.

Tether CEO further explained that expanding USDT and XAUT on The Open Network will help in the improvement of decentralized applications across different sectors.

Tether announced the collaboration with the TON Foundation just two days earlier at Token 2049 event in Dubai, with $60 million of USDT now issued on the blockchain.

Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto addresses. 11 million TON will be distributed among USDT users on TON to incentivize its adoption in the ecosystem.

The decision comes as Tether's market dominance solidifies, boasting a staggering $107 billion market cap and maintaining a considerable lead over its closest competitor, USDC. Recognizing the evolving landscape of digital finance, Tether is strategically positioning itself to champion financial freedom, decentralization, and the widespread adoption of digital assets.

A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent.

Amidst the fervor of an ever-evolving digital landscape, Tether's decision to integrate its USDT and gold-backed XAUT stablecoins onto the TON Network underscores a commitment to fostering financial accessibility and stability worldwide. Spearheaded by CEO Pailo Ardoino, this bold venture aims to transcend traditional boundaries, ushering in a new era of financial inclusivity.

While most would expect TON to profit on the charts, that hasn't been the case.

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Tether, the company behind the $108 billion market cap USDT, has expanded its offerings on Telegram's The Open Network (TON), introducing its U.S. dollar-pegged USDT and the gold-pegged Tether Gold (XAUT) stablecoins.

Tether, a leading stablecoin provider, faces scrutiny over its treasury reserves despite its growing market dominance.

Tether, one of the largest companies in the cryptocurrency industry, has announced a reorganization of its business operations, seeking to restructure to support its expansion.

Telegram ads USDT payments to their wallet, making crypto payments easier than ever. Here's how to set it up.

Stablecoin issuer Tether has partnered with the TON Foundation to enable customers to send cryptocurrency payments using encrypted messaging service Telegram.

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.

Mercuryo, a global payments company, has partnered with TON to introduce fiat-to-crypto conversion services for USDT.

Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino told Reuters on Friday.

Tether (USDT) is now live on The Open Network (TON) blockchain, the network powered by the cryptocurrency Toncoin (TON). Telegram's founder & CEO Pavel Durov, Tether CEO Paolo Ardoino and The Open Platform CEO Andrew Rogozov announced the news at Token2049 Dubai on Friday, April 19.

The winds of change are swirling around Ethereum (ETH), the world's second-largest cryptocurrency. While the Ethereum network itself is buzzing with activity, the price of ETH has taken a tumble in recent days, leaving investors scratching their heads.