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Tether has allegedly minted $10 million in its largest stablecoin by market value on the TON blockchain in a move signaling potential expansion. 
Tether&nbsp;Holdings Ltd.’s&nbsp;USDT, the world’s largest stablecoin, is now available on the TON blockchain, as the firm’s transparency <a href="https://tether.to/en/transparency/?tab=usdt" target="_blank" rel="">report</a> indicates an issuance of $10 million on the network. As of press time, Tether made no public announcement on the matter. 
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 <img loading="lazy" decoding="async" width="1024" height="294" src="https://crypto.news/app/uploads/2024/04/hzdfnpuiovhn-1024x294.png" alt="TON jumps 17% as Tether mints $10m in USDT on TON blockchain - 24"> 
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 Tether’s transparency report | Source: Tether
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With the latest expansion, USDT is now availalbe on 16 networks, including <a href="https://crypto.news/solana-loses-1-billion-in-the-tether-chain-swap-from-usdt-to-ethereum/" rel="">Solana</a>, <a href="https://crypto.news/tether-mints-billion-usdt-tron/" rel="">TRON</a>, and Avalanche among others. Amid the news, TON’s native token Toncoin jumped by over 17%, surging to $7.15, according to data from CoinMarketCap. 
The move comes shortly after Tether <a href="https://crypto.news/tether-to-restructure-expand-beyond-stablecoin-sector/" target="_blank" rel="">announced</a> reorganization plans to expand into other areas besides stablecoins. In an Apr. 18 announcement, the firm said it plans to change its structure into four divisions and unveiled a new vision to expand beyond the stablecoin sector. 
This is a developing story. Stay tuned for updates as more information becomes available regarding Tether’s integration of USDT on the TON blockchain. 
 Read more: <a href="https://crypto.news/tether-mints-billion-usdt-tron/" rel=""> Tether again mints 1b USDT on Tron network </a>

TON jumps 17% as Tether mints $10m in USDT on TON blockchain

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