💵Advantages of USDT on the TON Network

On April 19 at the TOKEN2049 conference in Dubai, Pavel Durov (CEO and founder of Telegram), Paolo Ardoino (CEO of Tether), and Andrey Rogozov (CEO of TOP) announced the introduction of USDT on TON.

What sets USDT on the TON network apart from other networks?

- Instant transfers for all Telegram users via @wallet.
Done by sending a personal message, no need for a wallet address or any external application.

- Low network fees and quick transactions. The fee for a USDT transaction between two users is fixed at only 0.0145 TON (~$0.10).
TON's high throughput and fast confirmation times allow for faster processing of USDT transactions.

- In less than a month after introducing its USDT provision, TON network has risen to 8 out of 16 blockchains in Tether's ranking.
The provision of USDT on TON amounts to $130,000,000.

- USDT on TON network is already supported on OKX, ByBit, Kucoin, MEXC, Bitfinex and other exchanges.
Transferring funds from all supported exchanges to TON will be completely free of charge until the end of June 2024.

- This is a major innovation and a completely new experience for cryptocurrency users.
To pay the transaction fee, users will no longer need to hold the the host network's native coin. On the TON network, the transfer itself will be paid in USDT.

Integrating USDT into the Wallet and the TON ecosystem has simplified USDT transactions for the crypto community, distinguishing it vividly from other blockchain solutions.

For the first time, users have a native stablecoin, enjoying the benefits of transfers within Telegram to any contact for free, and soon they could even pay gas fees with USDT (TON).

Businesses of all sizes using Wallet Pay will benefit from fast payments and low fees, expanding their operations to Telegram's worldwide user base.

This integration became another accessible entry point into the system, combining the benefits of digital currencies with the stability of traditional fiat currencies. This greatly simplifies newcomers' experience and paves the way to explore the benefits of DeFi in Telegram.

Your entry @TonPost