Gold

April

Tether, the firm responsible for the <a href="https://twitter.com/paoloardoino/status/1780926548901584900" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">$108 billion</a> market capitalization of USDT, has <a href="https://tether.to/en/transparency/?tab=usdt" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">announced</a> its plans to broaden the reach of its dollar-pegged stablecoin and its gold-backed counterpart XAUT. This expansion entails integrating both stablecoins directly onto The Open Network (TON), an adjacent blockchain platform associated with the messaging application Telegram.
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 Live from <a href="https://twitter.com/hashtag/Token2049?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">#Token2049</a> where Tether CEO <a href="https://twitter.com/paoloardoino?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@paoloardoino</a> and Telegram CEO <a href="https://twitter.com/durov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@durov</a> announced USD₮ and XAU₮ tokens launching on The Open Network (TON ) <a href="https://t.co/xu2wsacbZM" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/xu2wsacbZM</a>— Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1781298096518869380?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 19, 2024</a>
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Tether, under the influence of Paulo Ardoino, is embarking on an exciting journey to revolutionize peer-to-peer payments within Telegram’s vast user base of 900 million.&nbsp;
By expanding the availability of USDT and XAUT tokens on the TON network, originally launched by Telegram, Tether aims to facilitate seamless and borderless transactions. This move not only caters to the needs of Telegram users but also enhances the burgeoning TON ecosystem, offering opportunities for decentralized finance applications.
With $10 million worth of USDT already authorized on the TON blockchain and $3 million already issued, Tether’s commitment to transparency and innovation shines through.&nbsp;
This strategic expansion, announced during the Dubai 2049 conference, heralds a new era of financial inclusivity and efficiency, inviting users to explore the possibilities of digital currencies within a familiar and accessible platform.
Paolo Ardoino, the CEO of Tether, expressed excitement over the introduction of USDT and XAUT to the TON platform, emphasizing its potential to revolutionize value transfer.
The TON ecosystem, originally spearheaded by Telegram, has witnessed remarkable growth despite the company’s regulatory setbacks. Monthly active addresses have surged to over 1.7 million from a mere 100,000 just six months ago, indicating a flourishing community.&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/18/tether-expands-beyond-usdt-with-four-new-divisions/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Tether Expands Beyond USDT with Four New Divisions</a>
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Tether Expands Dollar & Gold Stablecoins for Telegram’s TON

The Crypto Times

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