Tether, the originator of the renowned USDT stablecoin, has commenced the process of integrating its U.S. dollar-backed token and its gold-backed token, XAUT, onto The Open Network (TON) blockchain. This strategic maneuver aims to enhance transaction efficiency and bolster liquidity within the TON platform.

The TON blockchain, which has garnered attention recently due to Telegram’s profit-sharing endeavors, stands to benefit significantly from the introduction of Tether’s stablecoins. This integration is poised to elevate the blockchain’s utility, particularly within decentralized applications spanning various sectors such as payments and gaming.

With a market capitalization of US$21.4 billion, Toncoin, TON’s native cryptocurrency, has secured the tenth spot among cryptocurrencies, as per CoinGecko data. Meanwhile, USDT boasts a circulating supply of nearly 110 billion, solidifying its position as the largest stablecoin globally and the third-largest cryptocurrency in the market.

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