Tether Issued on TON Blockchain: Revolutionizing Payments and User Empowerment
Tether, one of the world’s most widely used stablecoins, has officially been issued on the TON blockchain, marking a significant milestone for both organizations involved. The announcement was made by Tether CEO Paolo Ardoino at Token2049 in Dubai, alongside Pavel Durov, co-founder of Telegram, who outlined the details and implications of this integration.
Pavel Durov emphasized the philosophical and technical synergies between Telegram and blockchain technology, highlighting the platform’s commitment to empowering users and revolutionizing payments. With the integration of USDT on TON, Telegram aims to provide a seamless and efficient alternative to traditional financial systems.
Ardoino discussed the technical advancements of the partnership, stating, “Today, we launched the integration and performed the first issuance of USDT on TON. This enables a robust, scalable, and user-friendly platform for millions to access and transact with USDT directly within Telegram.”
This collaboration is part of Telegram’s broader strategy to incorporate advanced blockchain solutions, offering monetization opportunities for developers and content creators within the platform. The move is expected to increase the use of mini-apps and bots, potentially engaging over 700 million users monthly.
The implications of this integration will be discussed at Benzinga’s Future of Digital Assets event on Nov. 19, where industry experts will explore the future prospects of digital assets and blockchain technology. Stay tuned for more updates on this groundbreaking partnership.
