Stablecoin issuer Tether (USDT) is launching its dollar-pegged asset over The Open Network (TON), giving it access to the user base of the popular messaging platform Telegram.
In a new article, Tether says that it is launching both USDT and Tether Gold (XAUT), its gold-backed crypto asset, over the layer-1 protocol TON, bringing its total coverage to 15 blockchains.
According to Tether, Telegram’s instant messaging system can be used to quickly send peer-to-peer payments across the globe.
“The TON blockchain works with Telegram, meaning USDT and XAUT on TON have the potential to provide a simple, borderless experience for peer-to-peer (P2P) payments for Telegram’s user base, which Telegram estimates at over 900 million global users.”
According to Tether, adding the most popular stablecoin in the world to TON is going to greatly boost activity and liquidity over the blockchain.
“This integration is poised to boost activity and liquidity on TON, simplifying access
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