The collaboration between the TON Foundation and Tether, the issuer of the stablecoin USDT, has been officially announced with the goal of expanding cryptocurrency accessibility on the TON blockchain globally. The companies have revealed their strategic plan, which includes over 100 partnerships with local entities worldwide.
“We are planning over 100 partnerships for USDT on TON, making this asset accessible to a global audience,” stated the official announcement.
In April, Tether introduced its stablecoin USDT on the TON blockchain, leading to millions of cryptocurrency transactions within the TON network. On April 19, Tether announced the availability of Tether USD (USDT) and Tether Gold (XAUT) on The Open Network (TON). USDT is pegged to the US dollar, while Tether Gold is backed by gold.
The TON Foundation and Tether Business Development teams are fully committed to this initiative. They have already partnered with local payment providers in Africa, Southeast Asia, Europe, the Middle East, and Latin America, with many more collaborations in the pipeline.
“With a dedicated team of professionals focused on integrating USDt on TON with local partners, we are determined to drive mass adoption of TON,” the announcement highlighted.
Integrations with various local partners for USDt on TON are set to ensure widespread accessibility for all. The TON Foundation and Tether’s Business Development teams are devoted to this initiative and have already taken significant steps towards achieving their goal.
These integrations will allow individuals from all corners of the world to easily purchase USDT on the TON blockchain and become part of the TON ecosystem within minutes. Additionally, collaborations are in place to enable USDT payments for goods and services.
Please note that the views expressed in this article are for informational purposes only and do not constitute financial advice. Investing in cryptocurrencies carries a risk of financial loss.
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