Tether and TON Foundation announced their partnership at the Token2049 event in Dubai. Sixty million USDT has already been issued on the blockchain.
Tether has issued 60 million worth of Tether on The Open Network (TON) since its support began on April 19, making it the 11th-largest blockchain for Tether among the 16 currently supporting the stablecoin.
The Story Goes Back To April 2019
Tether Stablecoin has teamed up with TON Foundation for minting Tether on TON. Tether Gold (XAUT) has been launched on TON. Cross-border payments are instant and free for Telegram users. Tether CEO Paolo Ardoino said 35 million USDT was issued on TON.
We are making history!TON + Telegram + Tether pic.twitter.com/VXz4vljUHt
— andrew.ton (@rogozov) April 19, 2024
However, per the Tether Transparency report, the authorized supply issued on TON has grown to 60 million as of 11:30 pm UTC on April 21.
The TON Foundation and Tether issuer announced the initiative at the Token2049 crypto conf
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