Tether, a company known for issuing the USDT stablecoin and Tether Gold (XAUT), a gold-backed token, has announced its expansion to the TON network.
This move represents a significant step for Tether, as it expands its presence to a total of 15 networks, including platforms such as Tron, Ethereum , Solana and Avalanche.
The support of USDT, the main stablecoin in the market, to TON strengthens the vision of this network in its development towards a “solid and advanced financial and payments infrastructure.”
Paolo Ardoino, CEO of Tether, highlighted that the launch of USDT and XAUT on TON will not only facilitate the transfer of value, but will also boost activity and liquidity on the network, providing users with a financial experience comparable to that of the system. traditional .
In parallel, TON and its cryptocurrency Toncoin are experiencing exponential growth this year. Today, the price of Toncoin has reached $7.20 per unit , although it has then fallen slightly along with the entire cryptocurrency market.
The TON network has also shown interest in memecoins, launching a kind of "virtual cultural center" for memecoins and community tokens within its ecosystem, as well as making it easier for its users to create their own meme cryptocurrencies.
For its part, the TON Foundation that soon, integrated global onramps will allow users to withdraw compatible fiat currencies directly to bank accounts or cards.
At the same time, he indicated that he designated 11 million Toncoin as an incentive for the adoption of USDT in that network , for a limited time.
Of the 11 million Toncoin, 5 million will be used to increase rewards in the USDT/TON liquidity pools and another 5 million will be given to users who deposit USDT in the Earn wallet, in this way the assets generate a return each one of them.
