Tether has partnered with TokenPocket to support USDT on the TON network, announced on July 27. This integration boosts USDT’s functionality in the TON ecosystem. TokenPocket, serving over 20 million users worldwide, supports various public chains like Polkadot, TRON, and Solana. Tether values community input, network security, and regulatory compliance in its blockchain support decisions. CEO Paolo Ardoino emphasized the ongoing efforts to ensure the USDT ecosystem’s safety. As of July 25, there were 500 million USDT tokens in circulation on TON, marking rapid growth. TokenPocket users can now create and import TON wallets for smooth swap and bridge experiences. Tether’s strategic partnerships, including one with mobile payment app Oobit and the TON Foundation, aim to advance cross-border transactions and crypto adoption.

Conclusion

Tether’s partnership with TokenPocket to support USDT on the TON network underscores its commitment to enhancing the stablecoin’s functionality and usability. By focusing on community-driven blockchain support and regulatory compliance, Tether aims to ensure the safety and sustainability of the USDT ecosystem.

Takeaways

  • Tether and TokenPocket team up to support USDT on TON.

  • TokenPocket serves over 20 million users and supports multiple chains.

  • Tether prioritizes community input and regulatory compliance in decision-making.

  • 500 million USDT tokens are now circulating on the TON network.

  • Tether’s partnerships aim to enhance cross-border transactions and crypto adoption.

Source: Cryptopolitan

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