A recent announcement revealed a collaboration between the TON Foundation and Tether, the stablecoin issuer behind USDT, with the goal of making cryptocurrency accessible on the TON blockchain globally. The official statement outlined a strategic plan that includes over 100 partnerships with local entities worldwide.
“We are planning more than 100 integrations with local partners to bring $USDt to TON. This will make this asset accessible to everyone, no matter where they are.”
In April, Tether launched its stablecoin USDT on the TON blockchain, leading to millions of cryptocurrency transactions within the TON network. On April 19, Tether announced that both Tether USD (USDT) and Tether Gold (XAUT) were now available on The Open Network (TON). USDT is pegged to the US dollar (USD₮), while Tether Gold (XAU₮) is 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 Africa, Southeast Asia, Europe, the Middle East, and Latin America, with many more collaborations in the pipeline, as stated in the announcement.
“We have successfully integrated with local payment gateways and processors in various regions, 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 widespread adoption of TON has never been stronger. These professionals are focused on facilitating seamless integrations of USDt on TON with local partners and communities worldwide.
Integrations with local partners will enable individuals from all corners of the globe to purchase USDT on the TON blockchain and participate in the TON ecosystem within minutes. Additionally, collaborations are underway to allow USDT payments for goods and services.
The collaboration between the TON Foundation and Tether aims to make cryptocurrency accessible on the TON blockchain globally, with over 100 partnerships planned for $USDt. Stay tuned for more exciting developments from TON and Tether.
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 a risk of financial loss.