TRON

Tether&#39;s stablecoin can now be sent between Telegram users. The messaging app informed its subscribers on Wednesday that the wallet function now accepts USDT-TRON, also known as TRC20.With a market valuation of $78 billion, USDT is the third-largest cryptocurrency after Bitcoin and Ethereum. It is also a stablecoin, which means that its value is guaranteed by a stable asset, in this case the US dollar.USDT runs on a variety of blockchains, but for the time being, Telegram will only support the asset on Tron—TRC20. Tron is the network that powers the 15th largest cryptocurrency by market cap: TRX. Tron aims to be the foundation of the decentralized Internet. Its blockchain is both low-cost and fast.Users can, however, use stablecoins on its network. &#34;You may now buy, exchange, and make peer-to-peer transactions with Tether USDT (TRC20),&#34; Telegram announced, adding, &#34;You can also immediately send USDT to your pals with no transaction fees.&#34;Telegram added cryptocurrency to its app in 2018, when it launched the Telegram Open Network (TON). Telegram abandoned the project in 2020 because the Securities and Exchange Commission ruled that the initial coin offering for the project was illegal.Despite Telegram&#39;s departure, the TON Foundation kept the project alive. Users can still purchase, sell, and send Toncoin (TON) on Telegram&#39;s app today.Telegram also allows users to buy Bitcoin and transmit Bitcoin to other users or Bitcoin wallets using its app. It can&#39;t be cashed out, but it can be swapped for TON, the 23rd largest cryptocurrency by market cap.Tether&#39;s USDT is the most traded digital asset, with a current 24-hour trading volume of more than $45 billion, according to CoinGecko. The token is used to easily convert Bitcoin (or any other cryptocurrency) into dollars, euros, or yen on an exchange. It can then be withdrawn and deposited into a standard bank account.

Telegram Announces USDT Stablecoin Payments on Tron Network

ItsBitcoinWorld

23 मार्च 2023 को प्रकाशित अन्य लेख

Crypto Community Fired Up Over SEC Action Against Coinbase

Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research ...

Get Ready to Join the Battle: A Beginner’s Guide to Playing ZooRacers Beta V4

Montenegrin Police Confirms Arrest of Do Kwon Along With Terra’s CFO

After the Silicon Valley Bank collapse, what is MakerDAO's dilemma and opportunity?

XRP Holders to Receive xCORE Airdrop

रोजाना क्रिप्टो अपडेट पाने के लिए हमारे मुफ्त न्यूजलेटर से जुड़ें!