Tether, the company behind the $108 billion market cap USDT, has expanded its offerings on Telegram’s The Open Network (TON), introducing its U.S. dollar-pegged USDT and the gold-pegged Tether Gold (XAUT) stablecoins.
CEO Paolo Ardoino, speaking at Dubai’s Token2049 event, announced this strategic expansion into Telegram’s Web3 ecosystem, aiming to revolutionize peer-to-peer payments and integrate seamless financial services for its over 900 million monthly active users.
Telegram, a privacy-focused messaging app, has recently embraced TON—a blockchain initially developed by Telegram and now operated independently. The platform has made a significant shift from using euros to Toncoin, TON’s native token, by integrating it into Telegram’s ad buy and revenue-sharing programs, as the company announced.
Pavel Durov, the founder of Telegram, emphasized at the Token2049 conference that the platform continues to lead in blockchain integration, from tokenizing usernames
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