).
- Tether CEOs and Telegram CEOs appeared at Token2049, a blockchain conference in Dubai. They announced the launch of USDT and XAUT on TON.
- The US Dollar Tether Token is USDT, and the Gold-backed digital token is XAUT.
- Wallet users can instantly send USDT to contact contacts without any fees.
- The integration of TON and blockchain is expected to increase activity on the TON chain.
Token 2049, the world’s premier cryptocurrency event, continues to make headlines despite the heavy rain in Dubai that can only be compared to the conditions 75 years ago. The premier crypto-event brings together the founders and executives from leading Web3 projects and companies.
Please Read This: The Tether circle differs on the best way to address global stablecoin rules
Launch of Tether Tokens on TON Blockchain
Tether announced that it will be deploying two digital tokens, the US Dollar pegged Tether (USDT), and the Gold-backed digital (AUXT), on The Open Network. The announcement was made at Token 2049, where Tether, Telegram, and The Open Platform CEOs Andrew Rogozov and Paolo Ardoino were in attendance.
Deployments will enable:
- Transfer of value without interruption
- Increased liquidity and activity on TON Blockchain
- Offering users traditional financial system experience
This move, which solidifies USDT as the leading stablecoin in the market, will help USDT to maintain its position of being the most widely used stablecoin. In the case of merchant purchases, anyone can sell something because wallet users will be able send USDT to their contacts instantly and with no fees.
Telegram has announced the integration of TON Blockchain to allow;
1. Ad revenue sharing.
2. Tipping to artists
3. The most exciting merchant acquisition that allows anyone to sell any product.
4. NFTs are available for purchase as usernames.
5. Emojis are being tokenized as well! HUGE!! !… pic.twitter.com/L14Ek6lf8P
Ran Neuner, @cryptomanran 19 April 2024 The price of Toncoin hasn’t changed in response to this news. This is attributed to a lull on the market as traders prepare for the volatility that will be caused by the Bitcoin halves.
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