tl;dr
The USDt-TON has reached a circulation of $200 million in record time, demonstrating high demand. A partnership between Tether and TON Foundation has enabled USD₮ and XAU₮ integration on the Ton blockchain. TON network's Total Value Locked (TVL) has surpassed $200 million, with initiatives like The ...
USDt-TON has achieved a circulation of $200 million in record time, signaling high demand. This achievement was announced on Twitter, marking the fastest token circulation in Tether’s history. Additionally, a partnership between Tether and TON Foundation has enabled USD₮ and XAU₮ integration on the Ton blockchain, aiming to facilitate peer-to-peer payments using USDT and XAUT on the TON blockchain, targeting Telegram’s 900 million users.
Moreover, TON network's Total Value Locked (TVL) has surpassed $200 million, with initiatives like The Open League driving engagement and adoption. The launch of The Open League has led to a 264% rise in TON’s monthly active users (MSUs) to 1.5 million. TON trades at $7.05, representing a 4.15% intraday increase.
USDt-TON has hit an adoption milestone, hitting a circulation of $200 million within a month of issuance. This growth sets a new record for the fastest token circulation in Tether’s USDt’s history and highlights the growing demand for USDT within the TON ecosystem. Tether and TON Foundation partnership was disclosed during the Token2049 crypto conference in Dubai on April 19, signaling an advancement in stablecoin integration. Tether Tokens USD₮ and XAU₮ are now live on the Ton blockchain & available in the @telegram wallet.
Meanwhile, the TON network recently made another headline in the crypto arena. Data from DefiLlama revealed that the network surpassed the $200 million mark in Total Value Locked (TVL) over the past week, demonstrating substantial growth and adoption within its ecosystem. Not long ago, TON moved to launch its protocol integrations and unveil The Open League, a move that attracted significant attention in the blockchain arena. This initiative offers prizes totaling over $150 million in TON tokens to the community and projects operating within the TON ecosystem. Following this launch, the Open League has sparked improved user engagement with the TON blockchain.
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