Tether Launches USDT and XAUT Over Telegram’s TON Blockchain, Expanding Access to 900 Million Users

Stablecoin issuer Tether (USDT) is making a big move by launching its dollar-pegged asset over The Open Network (TON), which will give it access to the massive user base of the popular messaging platform Telegram. This development is set to revolutionize peer-to-peer payments and boost liquidity over the blockchain.

Tether has announced that it will be launching both USDT and Tether Gold (XAUT) over the layer-1 protocol TON, expanding its coverage to 15 blockchains. With Telegram’s instant messaging system, users will be able to quickly send peer-to-peer payments globally, creating a seamless experience for over 900 million users worldwide.

The addition of USDT to TON is expected to significantly increase activity and liquidity on the blockchain, making it easier for developers and users to access capital for various use cases. Tether believes that the integration of the most popular stablecoin in the world will support TON in developing a robust financial and payments infrastructure.

In addition to TON, USDT is already part of other notable blockchains such as Ethereum, Polygon, Solana, and Avalanche. This move comes on the heels of Tether’s announcement to diversify its business model by adding new divisions in data, finance, education, and power to create a more inclusive and future-proof financial and tech ecosystem.

Overall, Tether’s expansion into TON and the addition of new business divisions signal a significant step towards creating a more accessible and efficient financial ecosystem for users worldwide. Stay tuned for more updates on this exciting development.