A recent announcement highlighted the partnership between the TON Foundation and Tether, the issuer of the stablecoin USDT, with the goal of expanding cryptocurrency accessibility on the TON blockchain globally. The strategic plan, outlined in the official statement, involves over 100 collaborations with local partners worldwide.
“We have more than 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 successfully launched 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 its stablecoin Tether USD (USDT) and Tether Gold (XAUT) 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 established partnerships with local payment providers in Africa, Southeast Asia, Europe, the Middle East, and Latin America, with many more collaborations in the pipeline.
“We have successfully integrated with local payment gateways and processors in various regions, with more partnerships underway.”
With a dedicated team of 13 Tether Business Developers and the entire TON Foundation Development team working on these integrations, the push for widespread adoption of TON is stronger than ever. Their focus is on facilitating seamless integrations of USDt on TON with local partners and communities worldwide.
Plans are underway for over 100 integrations with local partners to allow easy access to USDT on the TON blockchain, enabling individuals to join the TON ecosystem in a matter of minutes. Additionally, collaborations with partners are in progress to enable USDT payments for goods and services.
Please note that the opinions expressed in this article are for informational purposes only and should not be considered financial or investment advice. Investing in cryptocurrencies carries a risk of financial loss.
