Toncoin

Read

Avalanche

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. 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14266848"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/04/hzdfnpuiovhn-1024x294.png.webp"> 
 <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"> 
 </picture> 
 <figcaption class="wp-element-caption">
 Tether’s transparency report | Source: Tether
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/tether-joins-forces-with-fuze-for-educational-venture-in-turkey-and-mena/" rel=""> Tether joins forces with Fuze for educational venture in Turkey and MENA </a> 
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

crypto.news

Other articles published on Apr 19, 2024

Ethereum Layer 3 Degen Chain Records Largest Transaction Per Second Count

Dubai Defies Nature’s Fury: Global AI and Blockchain Shows Shine Through Adverse Weather

Bitget Wallet Rolls Out BWB Points Airdrop, Strengthening Collaboration with Ethena

Unveiling Bitcoin Halvings: Insights You Didn’t Know Impact BTC Price

Binance gears up for major upgrade: What you need to know

Bitcoin Price Prediction: BTC Pumps Ahead Of The Halving As This BTC Derivative Offers Last Chanc...

Join our free newsletter for daily crypto updates!