Dubai, UAE – April 19, 2024 – TON Foundation, the community behind the Telegram Open Network (TON) blockchain, and Tether Operations Limited, the company behind the world’s leading stablecoin USDT, today announced a groundbreaking partnership to bring USDT to the TON Blockchain. This integration will enable seamless USDT transactions on TON, further expanding its reach and utility across the globe.
The integration of USDT on TON is expected to unlock a new wave of innovation and adoption for both ecosystems. TON’s fast, scalable, and secure blockchain provides an ideal platform for USDT to further enhance its capabilities and cater to a broader user base. Additionally, USDT’s stability and widespread adoption will bring significant value to the TON ecosystem, fostering new use cases and attracting more users and developers.
To ensure the smooth integration and widespread adoption of USDT on TON, the TON Foundation and Tether have established a strategic alliance with over 100 payment companies across various regions, including Africa, Southeast Asia, Europe, the Middle East, and Latin America. These partnerships will play a crucial role in onboarding users, merchants, and dApps to the TON ecosystem and facilitating the adoption of USDT as a primary mode of payment.
“We are thrilled to partner with Tether to bring USDT to the TON Blockchain,” said Steve Yun, Chairman of the TON Foundation. “This integration is a significant milestone for TON, and we are confident that it will open up new possibilities for both ecosystems. USDT’s stability and widespread adoption will be invaluable assets for the TON community, and we look forward to working closely with Tether to drive its adoption across the globe.”
“We are excited to collaborate with the TON Foundation to expand USDT’s reach and utility to the TON Blockchain,” said Paolo Ardoino, CEO of Tether. “TON’s innovative technology and growing community present a compelling opportunity to further enhance USDT’s capabilities and provide users with a more efficient and accessible way to transact.”
The integration of USDT on TON is expected to go live in the second quarter of 2024. With over 100 partnerships already secured, the stage is set for a successful launch and widespread adoption of USDT on TON, paving the way for a more inclusive and accessible global financial ecosystem.
About TON Foundation
The TON Foundation is a community-driven organization dedicated to fostering the development and growth of the TON Blockchain. The foundation provides support and resources to TON developers, promotes the adoption of TON technology, and contributes to the overall governance of the TON ecosystem.
About Tether
Tether Operations Limited is the company behind the world’s leading stablecoin, USDT. USDT is pegged to the US dollar and is designed to provide a stable and transparent alternative to traditional cryptocurrencies. USDT is the most widely used stablecoin in the world, with a daily trading volume of over $60 billion.
