Tether expands USDT and XAUT stablecoins to the TON network targeting 900 million users on Telegram.

Telegram’s cryptocurrency wallet supports a variety of blockchains for deposits and withdrawals, but “transaction fees have been significantly reduced to encourage TON adoption,” Telegram Wallet COO Halil Mirakhmed told CoinDesk. “Only TON’s USDT can be used within the Ton Space ecosystem, streamlining the user experience for those invested in the TON ecosystem,” he added.