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Tether will begin issuing stablecoin USDT on the TON blockchain

Altcoins: Tether will begin issuing stablecoin USDT on the TON blockchain

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.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
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