Tether’s USDT stablecoin has officially surpassed the significant milestone of $1 billion on the TON network within just six months of their partnership in April. This achievement highlights the growing traction of both TON and USDT within the cryptocurrency ecosystem. The key drivers behind this surge are TON’s highly competitive transaction fees, which have dropped from $0.061 to $0.035, and the popularity of Telegram mini-apps.
As a result, the Open Network (TON) continues to rapidly ascend, fueled by the increasing adoption of Tether’s USDT stablecoin.
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