Tether expands to TON on Telegram and launches USDT and XAUT
Key Takeaways
- Tether has launched USDT and gold-backed XAUT stablecoins on The Open Network.
- TON is now the 15th blockchain to support Tether.
- The goal of this collaboration is to revolutionize peer-to-peer payments, allowing Telegram users to send money instantly via direct messages, improving financial liquidity and user experience.
In tether The Open Network (TON) has launched the USDT and gold-pegged Tether Gold (XAUT) stablecoin. Further integration into Telegram’s Web3 ecosystem.
Tether CEO Paolo Ardoino, Telegram Founder and CEO Pavel Durov, TON CEO Andrew Rogozov The collaboration was announced at the Token2049 cryptocurrency event held in Dubai.
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With this release, TON becomes the 15th blockchain to support the Tether token.
This partnership will transform P2P payments around the world. Telegram users can send money instantly via direct message.
Ardoino said:
TON’s launch of USDT and
In addition to this launch, Tether also announced a corporate restructuring that will introduce four new business units: Tether Data, Tether Finance, Tether Power, and Tether Edu. The purpose of this reorganization is to improve Tether’s service delivery and operational efficiency across its extended network.
As Tether continues to innovate, its collaboration with Telegram’s TON network will likely increase the accessibility and usability of the cryptocurrency for users around the world.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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