WHY USDT AND TON PARTNERSHIP IS SO BULLISH? 🔥🤔👇
Tether (USDT) has recently started a partnership with the TON Foundation that includes the creation and injection of $60 million worth of USDT into the TON blockchain. Basically this partnership will make it easier for people who wants to use USDT for cross border payments (e.g. through telegram). This Tether's expansion to different blockchains will also reduce fees. In fact, when Tether is too concentrated on a single blockchain, like Ethereum, the high demand can lead to increased network congestion and thus to higher transaction fees. Instead, if you spread/integrate USDT across many blockchains, you alleviate the pressure on the single blockchain and thus reducing transactions fees for users! In my opinion, the Tether's move, outlines its dedication to deliver utility to its stablecoin. Overall, I find this partnership bullish because it promotes adoption (increased demand for the stablecoin), liquidity (more trading volume and market activity) and commitment to innovation (more confidence among investors and users, thus better positive market sentiment)!
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