Users of Telegram can now withdraw and send USDT free.
Tether, a leading stablecoin issuing company, has partnered with Telegram in order to offer USDT payment options on one of the world’s most popular messaging applications.
This just appeared on my phone. Writer On April 19, Tether’s CEO Paolo Ardoino posted a picture of Telegram, announcing the availability of USDT on the application. “Tether joins forces with Telegram. An entire ecosystem at your fingertips. “Unstoppable together.”
The stablecoin can now be sent within Telegram free of charge and withdrawn from the application without cost.
![Image of Telegram's USDT integration](http://thedefiant.io/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fddf24d3a773001ebf5e78f48576f04995a20390d-1457x823.jpg&w=828&q=100)
The announcement was made at Token2049 in Dubai by Andrew Rogozov and Paolo Ardoino. Andrew Rogozov is the CEO of Top and Wallet, and Pavel Durov is the CEO of Telegram.
The Tether Dominance The stablecoins market is booming, accounting for more than 70 percent of its $158 billion capitalization. Telegram has 900 millions users. This fusion offers crypto a powerful opportunity to move forward in mainstream adoption.
Durov, for example, announced via his Telegram account that according to Google Play, his Android wallet app was the most popular in China. China, a country that has capital controls, and is firmly anti-crypto, could now see an explosion in crypto use, due to its integration.
The Incentives Programme
The TON Foundation, which severed all official ties with Telegram when the SEC accused the company of violating U.S. Securities Laws by offering the TON to its users, is providing 11 million TON or approximately $66 million as incentives to drive adoption.
Included in incentives are Users will receive 5,000,000 TON for a USDT deposit on their in-app wallet. Withdrawals to TON on exchanges such as OKX, Bybit and Kucoin, are also free.
After spending months at 11th position, TON is now in the top 10. Top 10 list Coingecko allows you to search for cryptocurrency by their market capitalization. Since Jan. 1, its market capitalization has increased 300%, from $8 billion up to $21billion today.
Most of the rally took place in February after the company announced its plans. ad-sharing scheme In which Telegram will pay 50% of the revenue generated by channels that display ads on their channel in TON.
![Chart of TON Prices](http://thedefiant.io/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Ff44420be86d87afec478b225ea78b6ecbdafc238-1027x640.jpg&w=828&q=100)
The move comes with some risks.
The U.S. government has targeted Tether for The alleged enabling The SEC has been able to track and report on illegal activities that are conducted through Telegram. Blockage Telegram plans a $1.7 billion token sales.
The stablecoin issuing company has not been deterred. Ardoino was recently Teased Tether has built an all-encompassing platform for tokenization, which includes features such as full asset ownership and interoperable infrastructure.