According to sources from Tether
Tether Tokens (USD₮ and XAU₮) Launch on Open Network (TON)
April 19, 2024 — Tether Operations Limited (Tether), the largest company in the digital assets industry, today announced that it has launched the US Dollar-pegged Tether token (“USD₮” ) and Tether Gold (XAU₮), a digital currency backed by gold tokens, on the Open Network (TON). This development marks a significant expansion of Tether's presence, bringing its coverage to a total of 15 blockchains. The TON blockchain works with Telegram, meaning USD₮ and XAU₮ on TON have the potential to provide a simple, borderless experience for peer-to-peer (P2P) payments to Telegram's user base, which Telegram estimates has more than 900 million global users.
TON provides a decentralized alternative to the conventional internet through blockchain technology. TON not only provides essential services such as decentralized storage and payments to support decentralized applications (dApps), but also works with the popular Telegram messaging service. This integration provides convenient access to decentralized services to Telegram's broad user base, enhancing the overall user experience. TON also offers high-speed blockchain and Toncoin, its native cryptocurrency. Toncoin facilitates borderless access to decentralized applications spanning various sectors such as payments, storage, gaming, and more.
The introduction of USD₮ and XAU₮ on TON will facilitate seamless value transfer between users on TON's ecosystem and other blockchain networks, enabling a fast, secure and cost-effective process. fee. With Tether launching USD₮ and XAU₮ on TON, users will have access to a peer-to-peer digital dollar and digital gold experience that represents a borderless financial system. This integration is poised to boost activity and liquidity on TON, simplify access to capital for developers and users across a variety of use cases, and benefit users by allowing them to hold and move USDt using their TON wallet. The inclusion of USD₮, the industry's most popular and widely used stablecoin, provides significant support to TON in its ongoing development of a strong financial and payments infrastructure strong.
Paolo Ardoino, CEO of Tether, expressed excitement about the launch, saying: “We are excited to bring USD₮ and XAU₮ to The Open Network as we support its vision of an open and decentralized internet and a borderless financial system. The launch of USD₮ and XAU₮ on TON will enable seamless value transfers, enhance operations and liquidity, and provide users with a financial experience that can match those in the system traditional finance. This advances our mission of providing open financial infrastructure across the blockchain space.”
This announcement further solidifies USD₮'s position as the most widely adopted stablecoin, while pioneering the concept in the digital token space. This stablecoin is currently available on 15 networks, including Algorand, Avalanche, Celo, Ethereum, EOS, Liquid Network, Near, Polygon, Solana, Bitcoin Cash Standard Ledger Protocol, Statemint, Tezos, and Tron.
Important note
This press release does not constitute an offer to sell or a solicitation of an offer to buy USD₮ or XAU₮. Tether Limited and Tether International Limited will only sell or redeem USD₮ in accordance with the terms of service available (as of the date of this press release) at https://tether.to/en/legal. TG Commodities Limited will only sell or redeem XAU₮ in accordance with the gold token sale and service terms available (as of the date of this press release) at gold.tether.to/legal.
#THIEUVANHUNG USDT