• USDT on TON reaches 519.28 million, fueled by rising demand for easy transactions.
• TON’s TVL doubles in a month to $670 million; partners with Symbiosis for DeFi.
• Toncoin’s market cap hits $18.5 billion, up 419% YTD; trades at $7.47.

Tether’s USDT stablecoin has exceeded 500 million in circulation on the TON blockchain, signaling a surge in demand for dollar-pegged digital assets on the rapidly growing network.

TON announced this news on its official Telegram channel, stating:

“The demand for USDT-TON is soaring, and it’s not surprising. The ability to send digital dollars to anyone, anywhere, as easily as sending a text message, is a practical and real-world use case that sets USDT-TON apart.”

USDT-TON’s debut generated significant market hype after reaching a circulation milestone of 200 million weeks after its launch. Two months ago, the stablecoin issuer Tether launched the US Dollar-pegged stablecoin alongside a gold-backed token, XAUT, on the TON network.

The partnership was designed to allow Telegram’s 900 million users to conduct Peer-to-Peer (P2P) payments on the TON blockchain using USDT and XAUT. TON assured users that transactions…

The post Tether and TON Partnership Fuels Stablecoin Adoption on Telegram appeared first on Coin Edition.

• USDT on TON reaches 519.28 million, fueled by rising demand for easy transactions.
• TON’s TVL doubles in a month to $670 million; partners with Symbiosis for DeFi.
• Toncoin’s market cap hits $18.5 billion, up 419% YTD; trades at $7.47.

Tether’s USDT stablecoin has exceeded 500 million in circulation on the TON blockchain, signaling a surge in demand for dollar-pegged digital assets on the rapidly growing network.

TON announced this news on its official Telegram channel, stating:

“The demand for USDT-TON is soaring, and it’s not surprising. The ability to send digital dollars to anyone, anywhere, as easily as sending a text message, is a practical and real-world use case that sets USDT-TON apart.”

USDT-TON’s debut generated significant market hype after reaching a circulation milestone of 200 million weeks after its launch. Two months ago, the stablecoin issuer Tether launched the US Dollar-pegged stablecoin alongside a gold-backed token, XAUT, on the TON network.

The partnership was designed to allow Telegram’s 900 million users to conduct Peer-to-Peer (P2P) payments on the TON blockchain using USDT and XAUT. TON assured users that transactions…

The post Tether and TON Partnership Fuels Stablecoin Adoption on Telegram appeared first on Coin Edition.