binance just announced that it has now integrated Tether (USDT) into the Toncoin (TON) network. Users can start depositing and withdrawing using the blockchain associated with Telegram.
binance just announced that it has now integrated Tether (USDT) into the Toncoin (TON) network. Users can start depositing and withdrawing using the blockchain associated with Telegram.
On April 19, Tether CEO Paolo Ardoino and Telegram CEO Pavel Durov issued a joint statement at the TOKEN2049 conference, announcing the issuance of USDT on TON. Since then, the supply of USDT per TON has already exceeded the equivalent of $580 million. This positions TON as the sixth largest blockchain in terms of USDT, when the top three are TRON, Ethereum and Solana.
Godfrey Benjamin
Additionally, Tether and TON announced that they will launch over 100 integrations with partners around the world to drive adoption of both the popular stablecoin and the blockchain associated with Telegram.
When is Toncoin listed?
Interestingly, however, Toncoin itself, the native token of the TON blockchain, is not yet listed on Binance. At the moment, the ninth largest cryptocurrency on the world’s largest cryptocurrency exchange is represented only in the form of perpetual futures.
As things stand, Binance has Toncoin on the derivatives market, allows USDT transfers on the TON network, and has listed Notcoin (NOT), a major sensation in the ecosystem, but has yet to list TON on the spot market. What’s the trick?
Tomiwabold OlajideStay tuned for the latest updates on the availability of Toncoin in the market and the broader implications of the integration of USDT into the TON blockchain.
