Leading stablecoin issuing company Tether announced the launch of its products, USDT and XAUT, on The Open Network (TON), a decentralized blockchain network formerly related to the popular messenger app – Telegram.
According to a press release sent to CryptoPotato, the launch of USDT and XAUT on TON expands Tether’s presence across the crypto sphere, bringing its coverage to over a dozen blockchains.
Tether Launches USDT and XAUT on TON
The launch of USDT and XAUT on TON will provide the network and Telegram’s 900 million user base with a borderless experience for peer-to-peer (P2P) payments and seamless value transfers between the ecosystem and other blockchains.
Commenting on the latest development, Tether CEO Paolo Ardoino said: “We’re excited to bring USD₮ and XAU₮ to The Open Network because we support its vision of an open and decentralized internet and a borderless financial system.”
Additionally, the integration will boost TON’s activity and liquidity, easing
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