“Tether Officially Launches on TON, Telegram Wallet Announces Support for Free USDT Transfers”
Tether CEO Paolo Ardoino revealed to The Block that USDT and XAUT, a gold-backed stablecoin, will be launched on the TON chain on April 20th.
USDT and XAUT expanding to TON
Telegram Wallet supports free transfers of USDT
XAUT will be launched in the coming months, and TON will be its second blockchain expansion after Ethereum. Ardoino stated:
“The issuance of USDT and XAUT on the TON blockchain will allow for seamless value transfer, increase liquidity and activity, while providing users with an experience comparable to traditional financial systems.”
He claimed that Telegram has an impressive ecosystem with 900 million monthly active users, while Tether has over 300 million users worldwide. The ecosystems of both have the potential to empower each other.
Telegram Wallet supports free transfers of USDT
Telegram Wallet, a custodial wallet project, also released several updates on the 20th:
Wallet users can transfer USDT to contacts for free.
Transfers of USDT to external TON wallets are free until the end of June.
Holding USDT allows participation in Wallet Earn, with a 50% annualized TON reward.
Telegram announced the launch of its advertising revenue-sharing program in February this year, which is open to channel owners in nearly a hundred countries and pays them in TON tokens.
Toncoin is currently the ninth largest cryptocurrency by market capitalization, reaching $21.1 billion.
(TON surges nearly 40%, Telegram launches ad revenue-sharing in March, to be paid in TON)
Paolo Ardoino
Tether
TON
Further reading
TON ecosystem to launch blockchain phone at a pre-sale price of $99
TON to introduce palm print identification and launch Toncoin reward program
