Users can now trade USDT on the TON blockchain via Binance.
Tether (USDT) transaction volume surged to $53 billion, surpassing Visa’s $42 billion.
Today, the world’s largest crypto exchange, Binance, announced that Tether (USDT) on the TON blockchain is now live on its platform. This integration allows users to engage in deposit and withdrawal operations using USDT on the TON network.
USD₮ on @ton_blockchain is now live on @binance pic.twitter.com/tsYCxybDKx
— Tether (@Tether_to) June 21, 2024
This development is expected to enhance USDT’s accessibility and potentially boost transaction volumes globally. Binance has an average daily trading volume of $10 billion and continues to solidify its position as a leading exchange in the market.
Also, Tether remains the largest stablecoin with a market cap exceeding $112 billion. Additionally, its 24-hour trading volume now stands at $53 billion, surpassing Visa’s daily trading volume of $42 billion.
Binance’s support extends beyond the Ton blockchain, encompassing USDT on various blockchains with existing bridges on the Arbitrum One and Optimism networks, further facilitating liquidity and utility.
Paolo Ardoino, CEO of Tether, had previously announced this milestone, emphasizing its implications for the broader crypto economy. The introduction of USDT on the Ton blockchain represents a strategic alignment with evolving market demands. That offering enhanced operational flexibility and efficiency for traders and investors alike.
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