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Tether Launches USDT and XAUT on TON Blockchain, Targets Telegram's 900M Users

Apr 19, 2024, 11:11 AM

Tether has expanded its offerings on the TON blockchain, launching both its USD stablecoin, USDT, and its gold-backed stablecoin, XAUT. This move is part of a collaboration with the TON ecosystem, aiming to facilitate instant and free cross-border payments. The integration also includes the availability of USDT in Telegram wallets, enhancing accessibility for Telegram's 900 million users. Additionally, the TON Foundation is incentivizing the adoption with 11 million TON tokens.