Stablecoin

Kava

Aave

USDC

Read

<ul>
 <li>Binance integrates USDT on TON, enhancing cross-network liquidity and transaction efficiency.</li>
 <li>Uphold to delist USDT and five other stablecoins by July 1 due to upcoming EU regulations.</li>
 <li>Telegram plans to tokenize stickers on TON, highlighting its commitment to blockchain innovation.</li>
</ul>
Binance, a leading cryptocurrency exchange, has successfully integrated Tether’s USDT token onto The Open Network (TON). According to an official Binance <a href="https://www.binance.com/en/support/announcement/binance-completes-integration-of-tether-usdt-on-toncoin-network-opens-deposits-and-withdrawals-f6c4867f5cab47e39864130804eff106" target="_blank" rel="noopener noreferrer nofollow">announcement</a>, as of June 21, users can now seamlessly deposit and withdraw USDT on TON through Binance’s platform, aiming to enhance liquidity and streamline transaction processes.
Facilitating Lower Fees and Increased Liquidity
The integration of USDT on TON offers Binance users increased flexibility in managing stablecoin liquidity across different blockchain networks.&nbsp;
This move is expected to significantly boost transaction speeds and reduce associated fees, providing a more cost-effective solution for handling USDT transactions. Users are advised to verify their assigned token deposit addresses and smart contract details via Binance’s official announcement to ensure smooth transactions on TON.
<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">
 It looks like <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@binance</a> just integrated the <a href="https://twitter.com/ton_blockchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ton_blockchain</a> version of USDT (<a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Tether_to</a>)! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f603.png" alt="😃" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/xH5vz8PMjB" rel="noopener noreferrer nofollow">pic.twitter.com/xH5vz8PMjB</a>— Howard | Building on TON (@0xHoward_Peng) <a href="https://twitter.com/0xHoward_Peng/status/1804042121223303473?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 21, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Navigating Future Compliance Challenges
Binance’s proactive integration of USDT on TON precedes anticipated regulatory changes within the European Economic Area (EEA).&nbsp;
Binance recommends its customers to be informed about regulatory developments to guarantee compliance and avoid any potential disruptions in their cryptocurrency operations. The Markets in Crypto-Assets Regulation (MiCA) is expected to implement stricter controls on unlicensed stablecoins, including USDT.
In response to MiCA regulations, Uphold, another prominent exchange, announced plans to delist USDT along with five other stablecoins by July 1. This strategic move underscores the evolving regulatory landscape and its impact on stablecoin operations across European markets
Telegram’s Commitment to TON Blockchain
Telegram founder Pavel Durov recently announced ambitious plans to leverage TON blockchain capabilities for tokenizing stickers and emojis.This initiative reflects Telegram’s strategic vision to integrate blockchain technology into its platform, emphasising privacy, freedom, and enhanced functionality.
Durov highlighted these developments during his speech at Token2049 in Dubai, outlining Telegram’s future integration of USDT and exploring ad revenue-sharing options on TON. This strategic direction positions Telegram at the forefront of blockchain innovation in social media platforms.
<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/usdt-lending-surges-on-aave-amid-fluctuations-in-stablecoin-markets/" rel="noopener noreferrer nofollow">USDT Lending Surges on Aave Amid Fluctuations in Stablecoin Markets</a></li>
 <li><a href="https://cryptonewsland.com/new-data-shows-usdc-to-surpass-usdt-as-top-stablecoin/" rel="noopener noreferrer nofollow">New Data Shows USDC To Surpass USDT as Top Stablecoin</a></li>
 <li><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></li>
 <li><a href="https://cryptonewsland.com/usdt-ups-post-luna-stablecoin-lead-by-20-while-usdc-drops-by-13/" rel="noopener noreferrer nofollow">USDT Ups Post-LUNA Stablecoin Lead by 20% While USDC Drops by 13%</a></li>
 <li><a href="https://cryptonewsland.com/tether-launches-usdt-on-kava/" rel="noopener noreferrer nofollow">Tether Launches USDt On Kava</a></li>
</ul>
The post <a href="https://cryptonewsland.com/binance-integrates-usdt-on-ton-boosts-liquidity-efficiency/" rel="noopener noreferrer nofollow">Binance Integrates USDT on TON, Boosts Liquidity Efficiency</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Binance Integrates USDT on TON, Boosts Liquidity Efficiency

Crypto News Land

Інші статті, опубліковані 21 черв. 2024 р.

SEC Decisions Impact XRP Price

Harga BTC Diproyeksi Terbang Tinggi, Bisa Tembus US$1 Juta

Winklevoss Brothers Trump Bitcoin Campaign Donation Returned, Here Why

LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism

New Solana Memecoin Daddy Musk Will Skyrocket 14,000% in Two Days – Should You Buy?

Cyber A.I. Group Announces the Engagement of Walter L. Hughes as Chief Executive Officer

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!