Tether Strengthens DeFi, Boosts TON Liquidity with USDT, XAUT Launch

Tether, a leading stablecoin issuer, has expanded its reach to The Open Network (TON), a blockchain linked to the Telegram messaging app. This launch brings USDT and XAUT to TON's 900 million users, facilitating seamless cross-blockchain value transfers and P2P payments. Tether's integration with TON boosts the network's activity, liquidity, and developer access to capital, further supporting TON's development and Tether's mission of empowering open financial infrastructure.

Tether Expands Crypto Dominance with USDT and XAUT Launch on The Open Network (TON), Strengthening DeFi Ecosystem and Seamless Value Transfers

In a significant move that solidifies Tether's position as a global leader in the stablecoin industry, the company has announced the launch of its flagship stablecoin, USDT, and its gold-backed stablecoin, XAUT, on The Open Network (TON), a decentralized blockchain platform with a massive user base of 900 million Telegram users.

This integration marks a major milestone in Tether's strategy to expand its presence across multiple blockchains, bringing its total blockchain coverage to an impressive 15. It follows Tether's recent launch of USDT on the carbon-negative Celo network and underscores the company's commitment to fostering innovation and accessibility within the cryptocurrency ecosystem.

Tether's USDT stablecoin is widely regarded as the most liquid and trusted stablecoin globally, with a market capitalization of over $109 billion as of this writing. Its launch on TON will provide the network's users with a convenient and secure medium for peer-to-peer (P2P) payments and seamless value transfers.

Moreover, the integration of XAUT on TON will offer users exposure to the gold market through a digital asset that is fully redeemable for physical gold. This diversification option will enhance the TON ecosystem's appeal to investors seeking to diversify their portfolios and mitigate market volatility.

"We're thrilled to bring USD₮ and XAU₮ to The Open Network," said Paolo Ardoino, CEO of Tether. "Our support for TON's vision of an open and decentralized internet and a borderless financial system aligns perfectly with our mission of empowering financial inclusion and innovation."

The launch of USDT and XAUT on TON is expected to significantly boost the network's liquidity and activity, making it easier for developers to access capital for their projects. This will undoubtedly contribute to the growth and vibrancy of the TON ecosystem.

"The launch of USD₮ and XAU₮ on TON will unlock seamless value transfer, increasing activity and liquidity while providing users with a financial experience that rivals those found in traditional finance," added Ardoino. "This aligns with our mission of powering open financial infrastructure across the blockchain space."

Tether's expansion beyond stablecoins has been equally impressive. The company has ventured into Bitcoin mining, P2P communication platforms, artificial intelligence, and digital skills education. This multifaceted approach reflects Tether's commitment to driving innovation and fostering the growth of the broader cryptocurrency industry.

The integration of USDT and XAUT on TON represents a significant step forward for Tether and the TON ecosystem. It will provide users with a secure and convenient way to make payments, transfer value, and access the gold market. As Tether continues to expand its reach and explore new opportunities, it solidifies its position as a driving force in the democratization of finance and the acceleration of global adoption of cryptocurrencies.