Tether's Strategic Expansion into Telegram's Web3 Ecosystem
Saturday, 20 April 2024, 09:56
Tether Expands Offerings on Telegram's Ton Network
Tether, the company behind the $108 billion market cap USDT, has expanded its offerings on Telegram's The Open Network (TON), introducing its U.S. dollar-pegged USDT and the gold-pegged Tether Gold (XAUT) stablecoins.
Strategic Expansion by Tether
- CEO Paolo Ardoino announced the expansion at Dubai's Token2049 event
- Telegram's integration of TON for ad buy and revenue-sharing programs
Following Tether's announcement, Ramp Network plans to enable purchases and withdrawals of USDT on TON, paving the way for easier access and increased liquidity within the ecosystem.
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