Tether, the organization managing the $108 billion market value of USDT, intends to introduce its dollar-linked and gold-backed (XAUT) stablecoins directly onto The Open Network (TON), a blockchain related to Telegram’s messaging app, as indicated on Tether’s transparency website.
TON is a decentralized network initiated by Telegram but now operates independently following Telegram’s abandonment of development due to regulatory issues. The ecosystem has experienced significant growth recently, with incentives attracting Telegram users leading to over 1.7 million monthly active addresses, up from under 100,000 six months prior, according to Tonstat’s blockchain data. Notably, Telegram has transitioned to using toncoin (TON) as payment for its advertisement platform instead of euros.
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2024-04-19 14:16