Binance has announced today the successful integration of Tether (USDT) on the Toncoin (TON) Network.
This integration marks a big milestone in the expansion of stablecoin accessibility and utility within the broader blockchain ecosystem.
Effective immediately, Binance users can now deposit and withdraw USDT using the TON network, providing an additional option for stablecoin transactions.
Binance has provided users with the necessary information to take advantage of this new integration:
- Token Deposit Address: Users can find their assigned token deposit address for USDT on the TON network through their Binance account.
- Smart Contract Address: The token’s smart contract address on the TON network is now publicly available, allowing for easy verification and interaction.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Upcoming Joint Statement from Tether and Telegram CEOs
In a related development, Wu Blockchain shared that Tether CEO Paolo Ardoino and Telegram CEO Pavel Durov are scheduled to issue a joint statement at the TOKEN2049 event on April 19.
This announcement will officially declare the issuance of USDT on the TON network, further solidifying the partnership between these major players in the cryptocurrency space.
The decision to integrate USDT on the TON network underscores the growing importance and recognition of the Toncoin ecosystem. Originally developed by Telegram, the TON network has gained traction as a fast and scalable blockchain platform. This integration with Tether, the largest stablecoin by market capitalization, further legitimizes TON’s position in the cryptocurrency landscape.
Read more: Analyst Shares the ‘Easiest 2x’ Trade on ONDO Crypto Price as Key Bullish Metric Continues to Rise
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
