Tether is expanding support for its USDT stablecoin and its gold-backed stablecoin XAUT to The Open Network (TON).
Stablecoin issuer Tether is launching its U.S. dollar-backed USDT and gold-backed XAUT stablecoins on The Open Network blockchain.
"The launch of USDT and XAUT on TON will allow seamless value transfer, increasing activity and liquidity while offering users a financial experience that can match those found in the traditional financial system," Ardoino said. "Telegram has an impressive ecosystem with 900 million monthly active users. Tether has more than 300 million users globally. Tether and Telegram can empower each other's ecosystems," Ardoino told The Block.
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