Tether has officially added USDT to the TON network. How will this strengthen TON and isn’t this similar to the expansion of the crypto market through Telegram?
The addition of USDT support on the TON blockchain will no doubt be an important development for The Open Network project and the Toncoin blockchain. This will strengthen TON’s position in the cryptocurrency market and open up new opportunities for the development of the ecosystem.
The stablecoin USDT is very popular and widely used in the crypto industry. Its integration into the new blockchain will provide additional network liquidity, as well as expand the use cases for TON for various financial transactions and payments. Users will be able to make fast and cost-effective transactions in USDT without leaving the TON ecosystem.
This move can be seen as TON’s expansion into the crypto market. The project is actively developing and strives to take a strong position in the industry. Support for such a popular stablecoin as USDT will attract more attention to the project and pave the way for further integration with various crypto services.
Needless to say, the announcement of USDT integration at the TOKEN2049 conference in the presence of Pavel Durov and Tether CEO Paolo Ardoino will be a landmark event for TON. This will demonstrate the seriousness of the team’s intentions and confirm the status of TON as a promising blockchain platform for implementing various scenarios for using cryptocurrencies across Telegram’s 900 mln users.