Tether USDT/USD has been officially released on the TON TON/USD blockchain.

Event Overview: The announcement was made by Tether CEO Paolo Ardoino at Token2049 in Dubai, signifying a significant moment for both entities.

Ardoino, alongside Pavel Durov, the co-founder of Telegram, elucidated the specifics and consequences of the deepening integration between TON and Tether.

Transforming Transactions And User Empowerment

Pavel Durov emphasized the alignment of principles and technology between Telegram and blockchain, expressing, “We embrace blockchain for its ability to empower individuals and enhance our ecosystem.”

Telegram’s recent initiative to tokenize various aspects of its platform, ranging from user identities to chat features, exemplifies this ethos.

The introduction of USDT, a prominent stablecoin, on the TON blockchain signifies a noteworthy advancement.

Durov remarked in Dubai, “This isn’t merely a technical merger; it symbolizes a convergence of values—freedom, equality, and the democratization of financial activities globally.”

Impact On Digital Asset Markets

The integration of USDT on TON is set to elevate the functionality of Telegram’s blockchain infrastructure, providing users with seamless transactions and an alternative to conventional financial systems marred by inefficiencies and constraints.

Ardoino corroborated Durov’s vision, elaborating on the intricacies of the USDT integration.

“Today, we initiated the integration and conducted the inaugural issuance of USDT on TON. This establishes a robust, scalable, and user-centric platform for millions to engage with and transact using USDT directly on Telegram,” Ardoino stated.

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Tactical Steps And Future Outlook

This collaboration forms part of Telegram’s strategic plan to integrate cutting-edge blockchain solutions that foster broad user participation and revenue opportunities for developers and content providers on the platform.

The initiative is anticipated to drive a surge in mini-apps and bots usage, potentially engaging more than 700 million users on a monthly basis.

Durov also criticized the prevalent monetization models in digital platforms that exploit user data without equitable remuneration.

In contrast, Telegram offers a notably fair revenue-sharing model, allocating 50% of ad-generated revenue to channel owners and content creators.

This approach not only incentivizes high-quality content creation but also aligns with the platform’s commitment to fairness and user empowerment.

Upcoming Discussions At Benzinga’s Future of Digital Assets Event

The implications of such integrations are extensive and will be a prominent topic at the forthcoming Benzinga’s Future of Digital Assets event on Nov. 19.

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