Tether will start issuing USDT stablecoin on the TON blockchain
The issuer has already added $10 million worth of liquidity to the network
19.04.2024 - 11:20
162
2 min
0
Last updated on Aug 5, 2024
What’s new? Tether has added TON blockchain support for its USDT stablecoin with a capitalization of $109,4 billion. Information about this appeared on the page of the issuer’s website with data on stablecoin reserves. Thus, for USDT on TON added liquidity for $10 million.
Information on the Tether website
What else is known? USDT is the largest stablecoin on the crypto market, in terms of capitalization it is second only to bitcoin and Ethereum. The asset, pegged to the US dollar at a 1:1 ratio, is also available in TRON, Ethereum, Solana, Avalanche, Omni, Cosmos, Tezos, NEAR, EOS, Celo, Polkadot, Algorand, and Kusama blockchains.
In turn, the token native of the TON blockchain added 15% over the day, entering the top 10 cryptocurrencies by capitalization and taking ninth place with $24,7 billion. At the same time, Toncoin surpassed Dogecoin, which is the largest meme token.
Earlier, Decenter reported that the TON team intends to reduce transaction costs for users, as well as allow payment of commissions in USDT in the new contract for the Tether stablecoin.
Tether launches investment, mining, training, and digital asset management divisions
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Also, in April, the TON team launched a meme token promotion platform called Memelandia, where creators of projects with the best trading performance will be able to receive rewards.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 461
BTC
+4.52%
-
Ethereum
$3 340.96
ETH
+9.72%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.39
XRP
+27.36%
-
Dogecoin
$0.387637
DOGE
+3.56%
-
Cardano
$0.883266
ADA
+13.81%
-
Bitcoin Cash
$491.33
BCH
+12.56%
-
Polkadot
$6.21
DOT
+10.87%
-
Stellar XLM
$0.288297
XLM
+20.86%
-
Litecoin
$90.76
LTC
+9.58%