🔥🔥🔥Binance Announces #Toncoin Network Integration with Tether
The top cryptocurrency exchange in the world, Binance, has announced that it has added Tether (USDT) to the Toncoin Network.
Binance has reached another milestone in its quest to improve its multi-chain capabilities; users may now deposit and withdraw USDT using the network.
Toncoin Network: What Is It?
Toncoin Network, often known as TON (The Open Network), is a blockchain-based decentralized network that arose out of the original Telegram Open Network. Telegram withdrew from the project after a slew of legal issues; open-source hackers subsequently picked up the slack.
The total value locked (TVL) on the TON blockchain reached over $600 earlier this week, as of Monday. Results from DefiLlama indicate...
Flipster and TON have teamed to allow USDT deposits, according to a separate Toncoin Network announcement.
Fast and efficient blockchains are what TON is all about. Its target transaction throughput is one million per second. Thanks to its sharding technique, it can easily divide and combine to handle different loads, guaranteeing quick and smooth processing times.
The network is more secure and efficient than conventional Proof-of-Work systems because it uses a Proof-of-Stake consensus process.
The addition of USDT, the most valuable stablecoin in the world according to market capitalization, to the TON network significantly enhances the network's functionality. Users are able to take advantage of TON's cheap fees and fast transactions thanks to USDT, all while retaining Tether's stability and liquidity.
The Strategic Decision by Binance to Include USDT on TON
As part of its larger aim to support different blockchain networks, Binance incorporates USDT on the TON network. This gives its consumers more alternatives when it comes to managing their digital assets.
According to Binance, users now have unique USDT token deposit addresses on the TON network, thanks to the new integration.
