Tether and the Ton blockchain are seamlessly compatible with fiat currencies
The USDT currency issued on the TON blockchain is easy to use with official currencies, as users can expect the majority of fiat currencies to be able to be converted into USDT at launch, with future plans to enable it to be reverted, which will allow users to convert their USDT balance back into fiat currencies and withdraw them directly. To their bank accounts or bank cards.
While the TON blockchain is a new addition, the most prominent presence of USDT remains on the Tron blockchain, with more than 57.8 billion USDT tokens issued on it, and $51 billion worth of Tether tokens were issued on the Ethereum blockchain, which previously occupied the forefront, indicating... A gradual transition as USDT issuers seek to avoid exposure to Ethereum's generally high transaction fees, and the Solana blockchain is the third-ranking host of Tether with a value of $1.9 billion.
USDT currently dominates the stablecoin sector at a significant rate of 69%, with a market value of approximately $159.5 billion, according to CoinGecko, while its closest competitor - USD Coin (USDC) from Circle - accounts for 21%, with issued currencies worth 33.7%. Billion dollar.
