Tether CEO Paolo Ardoino revealed to The Block that USDT and XAUT stablecoins will be launched on the TON blockchain on April 20th.
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USDT and XAUT expanding to TON
Telegram Wallet supports free transfers of USDT
XAUT will go live in the coming months, and TON will be its second blockchain expansion after Ethereum. Ardoino stated:
The issuance of USDT and XAUT on the TON blockchain will allow seamless value transfer, enhance liquidity, and provide users with an experience comparable to traditional financial systems.
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He claimed that Telegram has an impressive ecosystem with 900 million monthly active users, while Tether has over 300 million users worldwide. The ecosystems of both are expected to empower each other.
Telegram Wallet supports free transfers of USDT
Telegram Wallet, a custody wallet project, also released several updates on the 20th:
Wallet users can transfer USDT to contacts for free.
Transferring USDT to external TON wallets is free (until the end of June).
Holding USDT allows participation in Wallet Earn, with a 50% annualized TON reward.
In February of this year, Telegram announced the launch of its advertising revenue sharing program, which is open to channel owners in nearly 100 countries and pays them in TON tokens.
Toncoin is currently the ninth largest cryptocurrency by market capitalization, reaching $21.1 billion.
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TON surged nearly 40%, and Telegram launched advertising revenue sharing in March, paying with TON
)
Paolo Ardoino
Tether
ton
Further reading
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TON to introduce palmprint identification, launching Toncoin rewards program