The integration also represents a major achievement for Tether in that it is now more poised to expand the utility of USDT within the TON ecosystem, which has lately been gaining serious attention from crypto enthusiasts and investors alike.
By Mayowa Adebajo
Edited by Julia Sakovich
Updated
3 mins read
Tether, the leading issuer of stablecoins, has just announced that TokenPocket, a popular multi-chain wallet, has added support for USDT on The Open Network (TON). This move is identical to many similar ones that have happened in the recent past as Tether continues to integrate with various wallets, bringing new opportunities for users of the rapidly growing TON blockchain.
Tether’s announcement, made via a post on X, highlights what appears to be a strategic move on the company’s part to keep expanding the usability of its flagship stablecoin. By adding support for TON-based USDT, TokenPocket users can now seamlessly send and receive transactions using this specific variant of Tether’s stablecoin.
The integration also represents a major achievement for Tether in that it is now more poised to expand the utility of USDT within the TON ecosystem, which has lately been gaining serious attention from crypto enthusiasts and investors alike.
Before now, TokenPocket already forged a name for itself and is well known for its competitive multi-chain capabilities. With this recent integration, however, TON joins Ethereum and Binance Smart Chain on its list of supported blockchain networks.
The partnership also serves TokenPocket’s favor. That is because adding TON-based USDT to its wallet also aligns with its mission to offer diverse and well-tailored solutions to users across different blockchain environments. This means that TokenPocket users can now partake in the stability of USDT on the TON network to experience smoother transactions and more.
Recently, the TON blockchain, developed by Telegram, has been making waves in every corner of the crypto space. Much about this hype borders on its fast transaction speeds and lower fees when compared to other networks.
It was in a bid to provide a more efficient way for users to manage their stablecoin assets while also capitalizing on the advantages of the TON network that Tether incorporated USDT on the platform.
Tether’s USDT, which is pegged to the US Dollar, remains one of the most widely used stablecoins in the market. Its adoption on various blockchain platforms, especially TON, not only further extends its reach but also provides users with a reliable and stable means of transaction within the Telegram-based blockchain environment.
Interestingly, this integration comes at a time when stablecoins are increasingly becoming a vital aspect of various blockchain applications. That is, from DeFi projects to everyday transactions.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
