According to Odaily, TON has announced its support for the transition from jUSDT to native USDT on its platform. As of now, 316 million USDT are circulating on the TON blockchain. The key updates regarding jUSDT and USDT-TON are as follows:
The minting of new jUSDT will cease on June 10, 2024. The percentage fees for all outgoing jUSDT transactions on the TON Bridge have been abolished. As long as there are jUSDT holders, outgoing transactions will continue to be supported. The TON Foundation will soon increase liquidity for the jUSDT/USDT pool on DEX. The era of native cross-chain bridges for USDT is on the horizon.
These updates mark significant progress in the transition from jUSDT to native USDT on the TON platform. The abolition of transaction fees on the TON Bridge and the upcoming increase in liquidity for the jUSDT/USDT pool are expected to facilitate this transition. The cessation of new jUSDT minting from June 2024 also indicates a shift towards the use of native USDT.
The TON platform's move to support the transition to native USDT and the circulation of a significant amount of USDT on its blockchain underscores its commitment to facilitating seamless transactions for its users. The upcoming era of native cross-chain bridges for USDT further highlights the platform's focus on enhancing interoperability and efficiency in transactions.