Tether, the issuer of USDT, is officially added support TON network for stablecoin. It authorized the issuance of 10 million USDT.
Let us recall that it was previously expected that the topic of integrating USDT into The Open Network (TON) would become the main topic of the speech by the founder of the project, Pavel Durov, and the head of Tether, Paolo Ardoino, at the TOKEN2049 conference.
Besides TON, USDT is available on 15 other networks, including Tron, Ethereum, Solana, Omni and others. Most of the circulating supply of stablecoins is concentrated in the first two ecosystems.
The TON blockchain has been in the news lately. Earlier, the network’s native token reached an all-time high, and TVL tripled in a month.
Against the backdrop of the news, the native blockchain token Toncoin (TON) showed an increase. Over the past 24 hours, its price has increased by almost 10% – to $7.15 at the time of writing.
Source: Cryptocurrency
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