The TON Foundation just announced that it is partnering with Tether to ensure USDt on the TONblockchain is accessible to everyone. This initiative aims to penetrate USDt geographical boundaries and will be facilitated by over 100 local integration partners.

Telegram-backed blockchain project, TON, has taken the crypto space by storm, establishing partnerships with crypto companies such as Tether to ensure the growth and development of its ecosystem. It. In today's announcement, the TON Foundation announced plans to enter several markets, reducing global exposure to USDt. Both crypto companies have committed a team of business development executives to work on this initiative.

TON and Tether business developers cooperate

Tether and the TON Foundation announced their partnership at the TOKEN2049 Dubai event. The partnership resulted in Tether's USDt being launched on the TON blockchain to tap into Telegram's massive user base of over 900 million.

Today's announcement mentioned that the two companies have dedicated a team of dedicated business developers to the mission of bringing USDt to TON into every pocket. The team is said to include 13 business developers from Tether and the entire business development team from TON.

More than 100 integrations with various local partners are planned for $USDt on #TON. Coming soon, we will see this asset accessible to everyone, everywhere. ?

TON Foundation and @Tether_to's Business Development teams are dedicated to this major initiative. They were... pic.twitter.com/QvwmiZbr0H

— TON 💎 (@ton_blockchain) June 6, 2024

Business developers will be responsible for communicating and ensuring the smooth integration of USDt on TON with partners on different continents. The partnership aims to make USDt on TON available within minutes to crypto providers and users.

Paolo Ardoino leads Tether and Telegram are also working together with other payment services to streamline the payment process. TON Foundation and Tether aim to improve USDt payments for goods and services in multiple regions by establishing partnerships with other existing payment providers.

The TON Foundation continues to integrate in several continents

Tether's partnership with the TON Foundation has been one of the major highlights in the cryptocurrency sector this year. The TON Foundation has announced successful integration in Africa, Europe, Southeast Asia, Latin America and the Middle East. An excerpt from the TON Foundation blog reads:

"The integration of USDt on TON with over 100 local partners marks a major milestone in our journey towards global adoption. With a dedicated team, strategic partnerships and Community-centric approach, we are setting TON to change the Web3 landscape. Together, we can put USDt in every pocket, creating a future where blockchain technology is accessible for everyone."

In their blog announcement, the platform mentioned that they hope to integrate the TON blockchain further to capture more regions worldwide. The Telegram-backed blockchain will be looking for more partnerships with existing on- and off-ramp solutions.

The TON blockchain has made impressive strides this year, seeing a significant increase in on-chain transactions. Recent data from CoinMarketCap highlights that the price of TON has increased by more than 20% in the last month alone. In just less than a year, Toncoin has skyrocketed more than 300%.

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