The world's leading cryptocurrency exchange, Binance, just announced that it has added Tether (USDT) to the Toncoin Network.

Binance has achieved another milestone in its efforts to improve its multi-chain capabilities; Users can now deposit and withdraw USDT using the network.

Toncoin Network: What is it?

Toncoin Network, commonly known as TON (Open Network), is a blockchain-based decentralized network that arose from the original Telegram Open Network. Telegram withdrew from the project after a series of legal issues; Open source hackers later discovered this loophole.

Total value locked (TVL) on the TON blockchain reached over $600 USD earlier this week, as of Monday. Results from DefiLlama show...

Flipster and TON have partnered to enable USDT deposits, according to a separate announcement by Toncoin Network.

Fast and efficient blockchain is what TON is all about. Its target transaction throughput is one million per second. Thanks to the sharding technique, it can be easily divided and combined to handle different loads, ensuring fast and smooth processing times.

This 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 by market capitalization, to the TON network significantly enhances the network's functionality. Users can take advantage of TON's cheap fees and fast transactions thanks to USDT, while maintaining the stability and liquidity of Tether.

Binance's strategic decision to include USDT in TON
As part of a larger goal to support different blockchain networks, Binance incorporates USDT on the TON network. This gives consumers more alternatives when managing their digital assets.

According to Binance, users now have a unique USDT token deposit address on the TON network thanks to the new integration. #Write&Earn $TON