tl;dr
Binance has integrated support for the Tether (USDT) stablecoin on TON blockchain, allowing for deposits and withdrawals. This move is significant as USDT is the largest stablecoin by market capitalization and offers stability in the volatile blockchain market. Tether and TON have collaborated to pr...
Binance has integrated support for the Tether (USDT) stablecoin on TON blockchain, allowing for deposits and withdrawals. This move is significant as USDT is the largest stablecoin by market capitalization and offers stability in the volatile blockchain market. Tether and TON have collaborated to provide financial solutions globally, aiming to create a borderless financial system through decentralized technology.
The TON blockchain's on-chain metrics, including transfer volume and holder count, have shown significant growth, indicating increasing popularity. Additionally, the TON blockchain is gaining traction through simple, token-rewarding games and Pantera Capital's recent investment.
Since March, The Open Network has been turning heads as capital flows into the ecosystem and user activity breaks one record by another.
Binance has announced adding USDT on TON blockchain. With this integration, it has opened the space for deposits and withdrawals. The update is pivotal for TON, seeing as USDT is the largest stablecoin by market capitalization metrics. Stablecoins offer essential stability in the volatile blockchain market, with USDT maintaining its dominance due to its liquidity, accessibility, integration with decentralized finance (DeFi), and utility in cross-border transactions.
USDT issuer Tether announced its collaboration with TON, aiming to offer crypto transactions worldwide and provide financial solutions for unbanked populations. This partnership is set to create a borderless financial system through decentralized technology, improving accessibility and transaction efficiency.
Toncoin, the native token of TON blockchain, still lacks a spot listing on Binance, despite its growing demand. On-chain metrics for The Open Network, including transfer volume and holder count, have shown significant growth, indicating the network’s steady rise in popularity.
Key on-chain metrics show significant growth in The Open Network, starting with the transfer volume, which ranges between $5 billion and $10 billion. Additionally, there are 32 million Toncoin holders, up from 2.9 million a year ago, indicating a 1003% increase within a year and pointing to the growing popularity of the TON token.
The Open Network's popularity is increasing due to simple, token-rewarding games like Notcoin, Yescoin, and Hamster Kombat. The network is also gaining traction with a recent investment from Pantera Capital, marking a significant milestone as TON continues to grow within the expansive Telegram user base.