Did you know Tether (USDT) has a daily trading volume over $85 billion? It also has a market cap of $106 billion1. These huge numbers show how important Tether is in the world of digital finance. But, the recent move of USDT to the Telegram Open Network (TON) is making even bigger news. Launched at TOKEN2049, the USDt-TON initiative reached a market cap of $580 million in just three months2. This partnership proves TON’s effectiveness and scalable design. It also makes it easier to adopt digital assets on Telegram’s platform.
TON is giving away 11 million Toncoin to those who start using USDt on TON early1. With Telegram’s 900 million users every month1, there’s a huge chance for peer-to-peer payments and DeFi activities. Amazingly, sending USDT between two TON users costs only 0.0145 TON, about $0.10. This is 66% cheaper than other digital currencies1.
Also, integrating USDt into Telegram allows for instant and free global transfers1. This is a big move toward changing how digital transactions work. It’s not just for everyday payments but also for improving financial interactions across countries. As USDt-TON grows, watching its adoption figures—now 10th in total circulation among various chains—offers key insights into its quick expansion and future direction2.
Key Takeaways
- Tether (USDT) holds a significant market cap of $106 billion and an $85 billion daily trading volume1.
- USDt-TON achieved a $580 million market capitalization within three months of its launch2.
- TON provides transaction costs that are 66% cheaper than other digital assets, costing just $0.10 on average1.
- 11 million Toncoin incentives are offered to early adopters to propel USDt on TON1.
- Over 900 million Telegram users can now enjoy instant, feeless peer-to-peer transfers1.
Introduction to USDT and TON
The pairing of USDT and the TON blockchain is a big step for stablecoins. It improves how digital currencies are used3. Starting in April 2024, this partnership aims to create a strong way to pay for over 900 million Telegram users3. USDT, or Tether, is matched 1-to-1 with the USD, which keeps its value stable in the ever-changing crypto world.
TON stands for The Open Network, which makes the Web3 ecosystem through Telegram better. It’s made to be efficient, scalable, and secure3. It uses a proof-of-stake way to agree on transactions and uses smart tech to deal with them quickly3. By adding USDT on TON, users globally can make transactions smoothly, paving the way for new financial possibilities. TON recently reached over $1 billion in USDT, with a 41% rise in the last month4.
TON gives users various wallet choices like Wallet in Telegram, Tonkeeper, and TrustWallet, making it easy to use3. The TON Foundation’s $30 million Wallet Earn program encourages depositing USDT on TON. This helps grow the user base and the use of TON3. TON also introduced a smart way to distribute tokens, allowing for the creation and spread of millions of tokens at lower costs4.
TON’s system also includes decentralized services like TON Storage and TON Sites. This makes the ecosystem more powerful. With over $1 billion in USDT and a growing user base, TON could be a top blockchain platform4. With a 56% jump in active users to 5 million weekly since early September, USDT on TON looks set to make transactions easier within Telegram and grow in the stablecoin space4.
Learn more about the TON token presale here. The USDT and TON blockchain link-up is vital for digital currency’s future. It promises a smooth and safe space for online transactions.
Why TON Chose to Integrate USDT
The TON blockchain added USDT to improve peer-to-peer payments and make the Telegram Web3 experience better. With Telegram’s vast user base of 900 million people each month, this move sets a solid ground for sending money around the globe. It makes transfers faster and cheaper than what banks offer
The Significance for TON
By adding USDT, TON has greatly enhanced its payment system that knows no borders. In just a few weeks, USDT’s amount on TON passed $200 million, breaking records for fastest stablecoin growth5. This lets businesses and users everywhere enjoy low costs and quick payments, putting TON ahead of other platforms6 and5.
Also, TON now has games where you can win tokens, like Notcoin (NOT) and Hamster Kombat. These games attract more people to use the platform7.
How It Benefits Telegram Users
TON and USDT working together makes Telegram’s Web3 side and peer-to-peer payments much better. Because stablecoins are simple and work well, more people are starting to use them5. Now, you can pay someone directly in a message, making it easier for all Telegram users. This has led to more than 1.7 million unique wallets using TON5.
What’s more, this partnership helps save money. Fees stay low at about 3 cents, with some transactions costing nothing. This makes it affordable for many users5.
How USDT on TON Facilitates Peer-to-Peer Payments
USDT on TON is changing how we do peer-to-peer payments. It lets you transfer USDT instantly through the Telegram app. This makes transactions as simple as sending a message. Plus, the use of blockchain tech lets users make payments easily, without the usual cryptocurrency hassles.
Instant Transfers Through Telegram
With Telegram payments, managing digital assets has gotten better. Thanks to TON’s tech, more than $200 million in USDT moves fast8. Telegram is now more than just messages. It’s also a powerful tool for handling money.
Seamless User Experience
Using USDT on TON in Telegram is designed to be super smooth. Switching from regular money to USDT is quick, thanks to services like Oobit. This service makes sure even merchants get their money in regular currency without trouble8. Also, the transaction fee is only about $0.10, making costs clear and fair9.
The daily USDT transactions are over $85 billion, with a total value of $106 billion. So, USDT transactions within TON are likely to grow a lot9. With the Ramp Network, using USDT in over 150 countries is easier than ever9.
This team-up between Tether, TON Foundation, and Oobit is a big deal. It aims to make using cryptocurrency in daily life much simpler. With fixed fees and a focus on making it easy for everyone, this could lead to more people using crypto all over the world89.
Key Metrics of USDT-TON Adoption
The introduction of USDT to the TON network sparked a major growth. The Total Value Locked (TVL) jumped from $14 million in September 2023 to over $386 million by July 2024. This is a growth of 27 times10. It shows how much people are interested in and trust the TON ecosystem.
The arrival of USDT on TON led to TVL growing 7 times in Q2 2024. TON even beat Ethereum in Daily Active Addresses (DAAs)11. By the end of 2023, TON was 7th in Daily Active Users and 8th in Monthly Active Users among Layer-1 blockchains11. This increase in engagement shows TON’s DeFi protocols are really attractive to users.
The DeFi protocols on TON, like DeDust and STON.fi, have made a big impact. DeDust became the biggest, and STON.fi the second biggest, pools with stablecoins on all monitored blockchains by DefiLlama11. By the end of Q2, they made up over 50% of TON’s TVL11. This shows their important role within the TON ecosystem.
Trading volumes on TON have also risen sharply. Daily transactions increased from 1 million in September 2023 to 5 million by July 2024, a five times growth10. Moreover, USDT-TON data shows a huge jump in active users. TON had a user growth of over 1,900% in a year, with daily active users reaching 371,000 before leveling off12.
The growth in TON’s token holders is also noteworthy. TON is the fifth fastest-growing network in token holder growth. It saw over 10.3 million new unique wallet addresses since April 2023, a 468% increase12. This highlights TON’s growing acceptance and liquidity in the crypto market.
| Metric | Value |
|---|---|
| Total Value Locked (TVL) | $386 million (July 2024) |
| Daily Active Users | 371,000 |
| New Unique Wallet Addresses | 10.3 million |
| Daily Transactions | 5 million |
| Total Trading Volume (Year-to-Date) | $24 billion |
The data clearly shows high cryptocurrency adoption rates and USDT’s big role in TON’s ecosystem1012. This growth highlights the strategic value of TON’s DeFi protocols. It confirms TON’s strong stance in the competitive blockchain scene11
Gasless Transactions with USDT on TON
USDT on TON is changing the game with its innovative gasless transactions. This new approach makes everything easier for everyone involved. Now, users can make payments smoothly without worrying about extra gas fees.
How Gasless Payments Work
TON supports gasless USDT transactions through a unique system. Here, the costs are covered in different ways. The W5 Wallet allows for up to 255 transactions at once, offering unmatched convenience13. This method aims to draw in everyday people by leveraging Telegram’s huge 950 million user base13.
The Role of W5 Wallet
The W5 Wallet is key for gasless deals on the TON network. It lets users dive into DeFi without fretting over fees. Already, the wallet has seen over 5.8 million active users monthly, proving its success14. Other TON wallets are expected to adopt this feature, making the network even more popular14.
Along with the W5 Wallet’s great features, gasless USDT transactions create a smooth experience. This strategy eases the way for more people to get involved in DeFi on TON.
USDt TON Listings on Global Exchanges
The popularity of USDT on global exchanges is on the rise. This popularity is thanks to TON getting listed on major trading platforms. These include big names like OKX, KuCoin, MEXC, and ByBit. This has greatly increased its presence and found attention among traders all over the world.
Supported Exchanges
USDt TON has gotten attention on big exchanges such as OKX, KuCoin, MEXC, and ByBit. These exchanges have good fees for trading cryptocurrencies15. Also, “Learn and Earn” programs help raise more interest in the TON world. This is good for both new and experienced investors.
Trading Volume and Liquidity
The trade value and liquidity for USDt TON have grown a lot. It crossed $200 million in just four weeks. This is the quickest for any USDt launch by Tether15. This achievement made TON’s trading volume and liquidity pools stronger. It creates a stable and profitable setting for investors.
ChangeNOW supports this growth with low, clear fees and non-stop customer help16.
Adding USDt on TON is a big step towards growing Web3 space interest. It opens the door for many into the world of cryptocurrencies15. The push to grow USDt TON’s reach shows its huge promise. It can change how we do digital transactions worldwide15.
Strategies for Effective Use of USDT on TON
Using USDT-TON wisely is key for making the most of your digital assets. Here’s how to do it:
- Seamless Telegram Integration: Use USDT on TON’s integration with Telegram for daily dealings. This lets you tap into Telegram’s 900 million users easily. It’s great for person-to-person payments and investing17.
- Optimizing Trades: Boost your trading with USDT’s stable value. Since it’s matched 1:1 with the US Dollar, your money keeps its worth, helping lower investment risk18.
- Participating in Liquidity Pools: Get into liquidity mining and farming in the TON ecosystem. With good returns from deposits and mining, it’s a chance to increase your funds17.
The TON network sets a world record with 104,655 transactions a second17. This makes it excellent for trading a lot at once. Its low transfer fee of around $0.3 also makes frequent trades cost-effective, boosting its value for investments17.
How to Purchase USDT on TON
Buying USDT on TON is easy, thanks to ChangeNOW’s efficient and clear process. We’ll guide you on how to purchase USDT on TON smoothly.
Step-by-Step Guide
To buy USDT on TON, just follow these steps:
- Visit ChangeNOW Exchange: Go to the ChangeNOW site. It lets you buy Tether USD (TON) with over 60 types of money19.
- Select Your Currency: Pick the crypto or real money you want to turn into something else.
- Input Amount: Type in how much you want to swap. Keep in mind, buying less than $2 of USDT might not work on ChangeNOW19.
- Provide Wallet Address: Leave the address of your TON wallet to send the USDT to.
- Confirm Transaction: Check everything carefully, then approve it.
- Complete Payment: Now, pay up. It usually takes about 4 minutes to finish19.
Using ChangeNOW Platform
ChangeNOW makes swapping crypto easy with good rates and great support. Tether USD (TON) is about $1, stable and tempting for users19. Sometimes, ChangeNOW has days with no service charge for Tether USD (TON)19. Trading pairs like TON/USDT are also possible, thanks to big exchanges like Binance and OKX20.
The market shows USDT has over 119 billion USDTTRC20 tokens out there. This big number shows USDT-TON is well-trusted and used a lot in crypto exchanges.
| Platform | Features | Supported Currencies |
|---|---|---|
| ChangeNOW | Competitive rates, customer support, no registration, fast transactions | 60+ fiat currencies, multiple cryptocurrencies like BTC, XRP, ADA, and USDC |
| Binance | High liquidity, advanced trading tools, multiple trading pairs | All major cryptocurrencies, including TON/USDT |
| OKX | User-friendly interface, high security, diverse trading options | TON/USDT, TON/BTC, and other major crypto-assets |
TON Ecosystem and DeFi Integration
USDT’s integration into the TON ecosystem has greatly impacted DeFi and crypto protocols. In less than six months, the total value in the TON ecosystem jumped by 1800%, hitting $350 million21. This growth shows how strong the ecosystem is and how well it integrates stablecoins like USDT. The digital wallet scene within TON has changed too. It now focuses on easy and widespread use of Tether and other cryptos.
Key Protocols Utilizing USDT
USDT is key to adding liquidity to DeFi platforms in the TON ecosystem. This includes big names like Ston.Fi, Dedust, and StormTrade22. USDT’s growing role in TON’s DeFi sector highlights the successful addition of stablecoins to blockchain finance systems22. DEX trading in TON went from $2 million to $40 million since the year began. This shows how well USDT boosts financial activities21.
The Role of Tonkeeper and Other Wallets
Digital wallets like Tonkeeper and Bitget are more useful because of USDT in the TON ecosystem. Right now, Bitget Wallet is used by 68% of Telegram game players. It accounts for 17% of TON’s active addresses this month21. This shows Bitget Wallet’s big role in TON’s adoption and in making crypto payments on Telegram easy. Also, Bitget Wallet has over 30 million users, with 12 million active each month21.
The average USDT transaction on TON is between $15 and $100. This shows its use for smaller transactions22. TON ecosystem’s wallets make adding Tether to TON’s finance system easy and efficient for users.
Advantages of USDT on TON Over Other Blockchains
USDT on the TON blockchain has lots of benefits compared to other blockchains. A big plus is the small transaction fees. Thanks to TON’s top-notch setup, moving USDT costs users way less. This is a big deal for everyday deals and lots of trading. It helps users make the most of their digital money.
USDT on TON also means super fast transactions. The TON blockchain can handle dealings super quickly. It’s perfect for stablecoin movements. This great speed and smoothness make using it a breeze. TON now has 18 million accounts. It shows how well it can handle lots of users23. Also, TON’s own coin, Toncoin, is in the top 10 by market value23.
While Ethereum has a lot locked in DeFi and lots of smart contracts23, TON stands out with zero fees for moving money and its speed. BNB Smart Chain has many users and 55 validators, showing it’s strong23. But TON’s great for stablecoin because of how well USDT works with it.
- Here’s how some blockchains compare:
| Blockchain | Key Metrics |
|---|---|
| TON | 18 million accounts, #9 by market cap23 |
| Ethereum | $120 billion in DeFi, 53 million smart contracts23 |
| BNB Smart Chain | 1 million daily active users, PoSA consensus with 55 validators23 |
| TRON | 228 million registered accounts23 |
The TON blockchain’s features make USDT even better for users. It combines low costs, quick transactions, and easy use. This boosts USDT’s appeal and strengthens TON’s place in the digital finance world.
With Tether teaming up with providers like Fuze, USDT’s use on TON will grow more24. Fuze’s work in educating and promoting digital money will help places like Turkey and the Middle East. This will increase stablecoin demand further24.
The Role of Tether in the TON Ecosystem
Since Tether integrated with The Open Network (TON) in April 202425, its role has grown a lot. This step has changed the decentralized finance (DeFi) world, creating new financial options. Tether, with a value over $100 billion by March 2024, brings stability and trust. These are vital for the growth and new ideas in blockchain25.
Impact on Decentralized Finance (DeFi)
USDT has made a big difference in TON’s DeFi area. By adding USDT, TON lets users send money directly to each other. This is aimed at Telegram’s huge 900 million users26. Tether stands out as a reliable asset, meeting regulatory norms. The setup has more than a hundred local partnerships in the works. Finished projects are spread across Africa, Southeast Asia, Europe, the Middle East, and Latin America27.
Future Potential and Developments
The future looks bright for Tether in the TON ecosystem. More collaborations with local businesses are coming. This will help in using USDT to buy things and services27. Plans also include working more with global exchanges to make trading in Toncoin and USDT easier27. The ecosystem is quickly growing, now with over 1.7 million monthly users. Just six months ago, it was under 100,00026. This surge is backed by new features, aiming to make TON a key blockchain name.
The Ramp Network just shared news that it will support USDT buying and taking out on TON26. These steps are part of the goal to create a safe, adaptable online economy. It aims to protect against weak parts in the usual DeFi setups25.
Security and Trust in USDT on TON
USDT’s move to the TON blockchain has made it safer and more reliable. It’s now a go-to place for those wanting trusted digital money. USDT is tied to the US dollar, making it steady in the often up-and-down crypto world. This keeps users’ investments stable28. TON’s ability to handle a lot of transactions at a low cost makes it perfect for USDT. This builds more trust in the blockchain and encourages its use28.
More and more people are using USDT on TON, which is clear from the 125% rise in shoppers at the 1USDT Store in August. This points to a growing interest in shopping without central control29. Latin America, for example, saw a 38% jump in using USDT on TON, showing a keen interest in crypto. Africa also enjoyed a boost, with a 26% increase. This is likely because banks charge a lot and are hard to reach for many29.
Keeping USDT-TON safe is key, especially with the increasing hacker attacks using fake USDT deposits30. This has led to calls for better checks on TON token deposits at exchanges30. TON’s top-notch security features are vital in fighting these threats. They ensure transactions are both trusted and secure28.
USDT and TON working together means spending less on moving money. This saves users money28. Lower fees and quick transactions improve how users feel about the service. It also supports the spread of stable and safe coin usage across different economic areas28.
By bringing USDT onto TON, we get stronger security and more trust in the blockchain. It shows TON’s promise to offer solutions that are safe, work well, and are easy to use. With the top security and cost benefits of TON, more people and developers will join. This will help it grow and be adopted more widely in the long run28.
Community Adoption and Feedback
The USDT-TON community adoption is a big hit, thanks mainly to Telegram making things easy. Folks love using USDT on TON because it’s simple and lets them make deals right in the Telegram app. This cool feature led to more people and more trading in the TON world31. The fact that USDT’s use on The Open Network went over 519.28 million shows how much people trust it32.
Why Users Prefer USDT on TON
People really like USDT on TON because it makes getting into crypto easier. Adding USDT into the mix has been a game-changer for everyone. With Telegram reaching 800 million active users a month, the reach is huge33.
Tonkeeper’s neat trick of payment without gas fees makes paying with USDT easy. It pulls fees from your USDT, making things smoother and better31.
Feedback from the Telegram Community
Everyone loves how TON works with Telegram. They find paying with Tether’s stablecoin easy and safe. Tools like Telegram’s Signal Bot and Bitget Wallet have made using TON even better32.
And the chance to earn up to 50% yields for storing USDT on Telegram attracts even more users33. This feedback shows how listening to users helps make the ecosystem better for everyone, whether new or experienced.
Real-world Use Cases of USDT on TON
USDT on TON shines in everyday transactions and cross-border payments. It’s a practical choice for using USDT in the real world. These uses are important for a payment system that reaches people everywhere.
Everyday Transactions and Payments
For online shopping or sending money to friends, USDT on TON makes paying easier and cheaper. It has a low fee of 0.0145 TON (~$0.10), making it great for daily use1. With connection to Telegram and its 900 million users, many people can use this for their payments1. USDT is stable and safe, always equal to 1 USD and fully backed by Tether1.
Cross-Border Transfers
USDT on TON is changing the game for sending money abroad. It handles a big share of payments quickly and for less cost7. It’s much cheaper and faster than traditional banks, cutting fees by about 66% compared to other options1. This makes it a top choice for sending money across borders directly and cheaply1.
The Future of USDT on TON
The future of USDT on TON is very bright. Over $1 billion, exactly $1,030,000,00234, has been issued. This shows a lot of trust in TON and USDT in the digital money world. As TON gets better, it looks like USDT will be used more in daily online activities. This brings lots of chances for both users and investors.
The need for USDT on TON has made it the fifth biggest network for its issuance. It’s only behind big names like TRON, Ethereum, Solana, and Avalanche34. This shows how important TON’s new ideas are for the future of USDT. They help make it easy to get on different platforms.
TON now has over $580 million of USDT, making it the sixth largest for USDT value34. This proves TON is a safe and reliable blockchain. Also, TON has $720,674,485.54 of USDT moving around, with about $309,325,516.4634 ready to be used. This means there’s a lot of money available for future use.
Plans to make USDT on TON more popular are supported by Tether’s smart investments. For example, they invested in Adecoagro in Latin America, owning 9.8%34. This shows Tether’s plan to use TON for opening new markets. These smart money moves make USDT on TON very stable with a good future.
The trends in digital money also show big changes in prices and how people feel about the market. Toncoin’s price went up to $5.36 and now is around $5.6134. Prices are expected to jump to $18.82 by October 25, 202435. That’s a 230.19% increase. This rise shows people are really interested and see a bright future in the TON network.
Conclusion
USDT joining the TON network is a big step for stablecoins and decentralized finance (DeFi). It allows easy peer-to-peer transfers and use on DeFi platforms, like decentralized exchanges (DEXs). This move also shows how more people are using digital assets globally. After launching, USDT’s value reached $729 million quickly, showing strong interest and quick adoption36.
Tether’s partnership with TON offers new chances for users and developers, making financial systems work better and faster. Sending money through Telegram and Mini Apps is now simpler, which will likely attract more users. The Total Value Locked (TVL) in TON being over $670 million shows the crypto community is active and growing37. This growth signals new possibilities in finance and tech, especially since stablecoin transactions hit $2.5 trillion in early 202436.
Yet, there are obstacles ahead. Legal issues and rules, like the UK Court calling USDT “property,” might impact its future. However, Tether made a profit of $6.2 billion in 2023, proving its strength and ability to last36. For more on this, check out this detailed article. USDT’s journey on TON shows how tech and finance are coming together, offering a peek at the future of money and global finance.
