Seamless

Hedge

Northern

Read

<ul>
 <li>Tether’s integration with TON boosts its reach across 15 blockchains.</li>
 <li>TON’s new fiat-to-crypto mechanism simplifies global transactions.</li>
 <li>Collaboration targets seamless payments for 900M+ Telegram users.</li>
</ul>
<p>Tether <a href="https://tether.io/news/tether-tokens-usdt-and-xaut-launch-on-the-open-network-ton/" target="_blank" rel="noopener noreferrer nofollow">co-launches</a> USDT and XAUT with The Open Network (TON) blockchain. Revealed at the recent Token2049 event in Dubai, this development marks a deeper bond between Tether and the rising Web3 ecosystem led by Telegram.</p>
<p><strong>Seamless Transactions and Expanding Networks</strong></p>
<p>Tether’s move to include those stablecoins on TON is geared at simplifying transaction processes and boosting liquidity within the system. In addition, in their keynote speeches, Tether CEO Paolo Ardoino and Telegram founder Pavel Durov emphasized their common belief in an open, decentralized internet and a borderless financial system.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f508.png" alt="🔈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Tether_to</a>’s USDt now available on <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TON</a>!<br><br>Making cross-border payments INSTANT, FREE, and as EASY as sending a text message for <a href="https://twitter.com/telegram?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@telegram</a>'s 900M users.<br><br>TON Foundation offers 11M <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> in incentives <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Check out this thread to learn more! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/yvqihsuBR9" rel="noopener noreferrer nofollow">pic.twitter.com/yvqihsuBR9</a></p>— TON <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1781294469901373931?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Moreover, this collaboration could enhance the payment experiences for Telegram’s user base, which numbers over 900 million globally. The integration allows for straightforward peer-to-peer payment capabilities, combining the stability of fiat with the efficiency of blockchain technology.</p>
<p>Significantly, the TON blockchain now supports a built-in mechanism for converting fiat to cryptocurrency, and plans are underway to expand these services to include global off-ramps to bank cards and accounts soon. This development marks a stride toward making cryptocurrency transactions as accessible and practical as traditional banking for a mass audience.</p>
<p>Tether’s USDT is now available on 15 different blockchains, and its recent addition to TON enhances the stablecoin’s utility and reach within the cryptocurrency market. This strategic growth emphasizes Tether’s dedication to extending its impact and application to several digital frameworks.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/tether-scrutiny-will-it-be-the-next-luna-and-ftt/" rel="noopener noreferrer nofollow">Tether Scrutiny: Will It Be the Next LUNA and FTT?</a></li>
 <li><a href="https://cryptonewsland.com/tether-excess-reserves-surge-to-3-38b-big-win-for-usdt/" rel="noopener noreferrer nofollow">Tether Excess Reserves Surge to $3.38B, Big Win For USDT</a></li>
 <li><a href="https://cryptonewsland.com/how-tethers-northern-data-investment-changes-the-ai-game-in-crypto/" rel="noopener noreferrer nofollow">How Tether’s Northern Data Investment Changes the AI Game in Crypto</a></li>
 <li><a href="https://cryptonewsland.com/tether-being-shorted-by-hedge-funds-ceo-speaks-up/" rel="noopener noreferrer nofollow">Tether Being Shorted by Hedge Funds, CEO Speaks Up</a></li>
 <li><a href="https://cryptonewsland.com/tether-allocates-profits-for-bitcoin-purchases/" rel="noopener noreferrer nofollow">Tether Announces Plans to Dedicate 15% of Profits to Bitcoin Purchases</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/tether-integrates-usdt-and-xaut-on-ton-blockchain/" rel="noopener noreferrer nofollow">Tether Integrates USDT and XAUT on TON Blockchain</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Tether Integrates USDT and XAUT on TON Blockchain

Crypto News Land

Other articles published on Apr 19, 2024

Veteran Shiba Inu Millionaire Tells Investors to Buy Bitcoin Bull (BTCBULL) Before 2,000% Rally

Polkadot Co-founder Gavin Wood Teases Revolutionary JAM Upgrade

BitMEX Introduces 250x Leverage on Bitcoin Perpetual Swaps

How Does Privacy-As-A-Service Work on Secret Network?

Flying Monkey (FLYMONK) Will Skyrocket Over 3,500% in 24 Hours, as SHIB and WIF Struggle

BNB Price May Have Another Chance For A Bullish Streak: Here’s How

Join our free newsletter for daily crypto updates!