Tether, the company behind the world’s largest stablecoin, USDT, has expanded its reach by issuing $60 million worth of USDT on The Open Network (TON) blockchain.
The move, announced at the Token2049 event in Dubai, makes TON the 11th-largest blockchain out of the 16 that support Tether.
TLDR
- Tether has issued $60 million USDT on The Open Network (TON) blockchain, making it the 11th-largest blockchain for Tether.
- The collaboration with TON allows Telegram’s 900 million users to send transfers freely and instantly through direct messages.
- Tether also launched its gold-pegged stablecoin, Tether Gold (XAUT), on the TON network.
- Despite the new issuance on TON, the majority of Tether’s supply remains on the Tron, Ethereum, and Solana networks.
- The move aims to boost peer-to-peer payments and benefit the rapidly growing TON ecosystem, with users able to use the stablecoins in DeFi applications.
The collaboration…
