Stablecoin

Symbiosis

Coin

<ul class="news-points">
 <li>USDT on TON reaches 519.28 million, fueled by rising demand for easy transactions.</li>
 <li>TON’s TVL doubles in a month to $670 million; partners with Symbiosis for DeFi.</li>
 <li>Toncoin’s market cap hits $18.5 billion, up 419% YTD; trades at $7.47.</li>
</ul>
Tether’s USDT stablecoin has exceeded 500 million in circulation on the TON blockchain, signaling a <a href="https://studio.glassnode.com/metrics?a=USDT&amp;category=Supply&amp;m=supply.Current" target="_blank" rel="noopener noreferrer nofollow">surge in demand</a> for dollar-pegged digital assets on the rapidly growing network.
TON announced this news on its official Telegram channel, stating:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The demand for USDT-TON is soaring, and it’s not surprising. The ability to send digital dollars to anyone, anywhere, as easily as sending a text message, is a practical and real-world use case that sets USDT-TON apart.”
</blockquote>
USDT-TON’s debut generated significant market hype after reaching a circulation milestone of 200 million weeks after its launch. Two months ago, the stablecoin issuer Tether launched the US Dollar-pegged stablecoin alongside a gold-backed token, XAUT, on the TON network.
The partnership was designed to allow Telegram’s 900 million users to conduct Peer-to-Peer (P2P) payments on the TON blockchain using USDT and XAUT. TON assured users that transactions…
The post <a href="https://coinedition.com/tether-and-ton-partnership-fuels-stablecoin-adoption-on-telegram/" rel="noopener noreferrer nofollow">Tether and TON Partnership Fuels Stablecoin Adoption on Telegram</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Tether and TON Partnership Fuels Stablecoin Adoption on Telegram

Coin Edition

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