Binance recently announced the successful integration of Tether (USDT) into the Toncoin network, confirming that deposits and withdrawals are now operational.
This development was also announced by the TON team through their X account on Twitter, with the company confirming the launch of USDT on their blockchain within Binance.
@Tether_to’s USDt now available on
＃TON
!
Making cross-border payments INSTANT, FREE, and as EASY as sending a text message for
@telegram
‘s 900M users.
TON Foundation offers 11M
TON
in incentives
Check out this thread to learn more! ⬇️
pic.twitter.com/yvqihsuBR9
—TON (@ton_blockchain)
April 19, 2024
The introduction of USDT on TON is expected to stimulate mass adoption, facilitating joint campaigns with centralized exchanges such as OKX, Bybit, and KuCoin by offering users various incentives.
The blockchain aims to attract 500 million users to the network by 2028, a topic discussed by TON ecosystem leader Alena Shmalko in a recent interview.
Read more:
Cryptocurrency market experiences losses – Bitcoin adjustment continues
She highlighted the challenges of blockchain expansion, which is not compatible with the Ethereum Virtual Machine (EVM), and emphasized plans to achieve significant growth.
