A recent collaboration has been announced between the TON Foundation and Tether, the stablecoin issuer behind USDT, with the goal of increasing accessibility to cryptocurrency on the TON blockchain worldwide. According to the official announcement, the strategic plan of the companies includes more than 100 integrations with local partners across the globe.
“We have over 100 integrations planned for USDT on TON with various local partners. Soon, this asset will be within reach for everyone, no matter where they are.”
In April, Tether deployed its stablecoin USDT on the TON blockchain, leading to millions of cryptocurrency transactions within the TON network. On April 19, Tether announced that its stablecoin Tether USD (USDT) and Tether Gold (XAUT) were now available on The Open Network (TON). The Tether token is pegged to the US dollar (USD₮), while Tether Gold (XAU₮) is a digital token backed by gold.
The TON Foundation and Tether Business Development teams are fully committed to this ambitious project. They have already partnered with local payment providers in regions such as Africa, Southeast Asia, Europe, the Middle East, and Latin America, with more partnerships in the pipeline.
“Up to now, we have successfully integrated with local payment gateways and processors in Africa, Southeast Asia, Europe, the Middle East, and Latin America, with more partnerships on the horizon.”
With a dedicated team of 13 Tether DBs and the entire TON Foundation DB team working on these integrations, the push for mass adoption of TON is stronger than ever. Their goal is to ensure seamless integrations of USDt on TON with local partners and communities worldwide.
Integrations with local partners will allow individuals from any location to easily purchase USDT on the TON blockchain and become part of the TON ecosystem within minutes. Additionally, collaborations are in progress with partners who will facilitate USDT payments for goods and services.
Please note that the opinions expressed in this article are for informational purposes only and do not constitute financial or investment advice. Investing or trading in cryptocurrencies carries a risk of financial loss.