Tether, the operator of the widely-used stablecoin USDT, has announced a significant expansion into Telegram’s Web3 ecosystem by launching its USDT and gold-pegged XAUT on The Open Network (TON). This strategic move, revealed at Token2049 in Dubai, where Tether CEO Paolo Ardoino and Telegram founder Pavel Durov spoke, aligns with their vision of a decentralized, borderless financial system. The partnership promises to enhance liquidity and enable seamless transactions, potentially transforming peer-to-peer payments for Telegram’s 900 million users globally.

This development marks another milestone in Tether’s expansion across now 15 different blockchains, including notable ones like Tron and Ethereum. The integration into TON, which recently surpassed Dogecoin as the ninth-largest blockchain, not only expands USDT’s accessibility but also underlines the growing influence of cryptocurrencies in competing with traditional financial systems. With new business divisions like Tether Data and Tether Finance, and upcoming features for easier fiat conversion, Tether’s latest move on TON could lead the way in mainstreaming crypto for global payments.

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