Tether Plans to Issue Dollar-Pegged Stablecoins on Telegram's Blockchain
Tether, the company responsible for the $108 billion market cap USDT, intends to issue its dollar-pegged and gold-backed stablecoins (XAUT) natively on The Open Network (TON), a blockchain adjacent to Telegram. TON is an independent decentralized layer-1 network launched by Telegram, which has seen rapid growth lately with incentives for onboarding Telegram users. Telegram recently switched to the network's native token, toncoin (TON), from euros as a payment for its advertisement platform.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial listing] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
Crypto prices
More
