The recent announcement of an integration between the TON Foundation and Tether, the stablecoin issuer of USDT, is set to revolutionize access to cryptocurrency on the TON blockchain globally. With a strategic plan that includes over 100 partnerships with local entities worldwide, the goal is to make USDT accessible to all.
In April, Tether successfully launched its stablecoin USDT on the TON blockchain, leading to a surge in cryptocurrency transactions within the network. On April 19, Tether revealed that both Tether USD (USDT) and Tether Gold (XAUT) were now available on The Open Network (TON). USDT is pegged to the US dollar, while Tether Gold is backed by gold.
The collaboration between the TON Foundation and Tether’s Business Development teams is a major focus of this initiative. They have already partnered with local payment providers in various regions such as Africa, Southeast Asia, Europe, the Middle East, and Latin America, with plans for further integrations worldwide. The aim is to facilitate seamless access to USDT on TON for individuals and communities globally.
Over 100 local partnerships are in the pipeline for USDT on TON, promising widespread accessibility for users everywhere. The teams are working tirelessly to ensure that anyone can purchase USDT on the TON blockchain and engage with the TON ecosystem easily. Additionally, collaborations are in place to enable USDT payments for goods and services.
Disclaimer: The information shared in this article is for informational purposes only and should not be considered financial or investment advice. Investing in cryptocurrencies carries inherent risks of financial loss.
In summary, the integration between the TON Foundation and Tether is poised to bring a new era of accessibility and usability to the cryptocurrency world.