Tether has integrated support with the TON blockchain for its USDT stable coin, with a capitalization of $109.4 billion. Details of this appeared on the issuer's website, where the reserves were provided. Liquidity of $10 million dollars was provided for USDT on TON.
USDT is the leading stablecoin in the cryptocurrency sphere, ranking second after #bitcoin and #Ethereum in terms of market capitalization. This asset, pegged to the US dollar at a 1:1 ratio, is also supported on the #TRON, Ethereum, #Solana, Avalanche, Omni, Cosmos, Tezos, NEAR, EOS, Celo, Polkadot, Algorand and Kusama blockchains.
On the other hand, native blockchain token TON rose 15% overnight, cementing itself in the top 10 cryptocurrencies by market capitalization and ranking ninth with $24.7 billion. Notably, Toncoin overtook Dogecoin, a well-known memcoin.
The TON team plans to reduce transaction costs for users and enable commission-based payments in USDT through a new contract with the Tether stablecoin.
In addition, in April, the TON team unveiled #Memelandia, a platform designed to promote meme tokens. It is planned that creators of projects with exceptional trading performance will receive incentives.
