Tether to Launch USDT and XAUT on The Open Network

Expansion of Stablecoins

Tether, known for its significant presence in the cryptocurrency market, is expanding its reach by launching its USDT and XAUT stablecoins on The Open Network (TON).

TON's Ecosystem Growth

The Open Network has gained traction, growing its user base substantially over the past six months. TON has become independent of Telegram after the messaging giant ceased its involvement due to regulatory issues.

Telegram's Adoption of TON

Telegram has further integrated with TON by adopting the network's token, toncoin, for its advertising platform, replacing the previously used euros, signaling a strong endorsement of the blockchain network.