Tether’s and Telegram’s Web3 ecosystems are coming closer together with USDT and XAUT launching on the TON blockchain.
Stablecoin operator Tether is strengthening ties with Telegram’s Web3 ecosystem by launching its U.S. dollar-pegged USDT (USDT) stablecoin on The Open Network (TON).
Tether made the announcement on April 19, also revealing it would launch the gold-pegged Tether Gold (XAUT) stablecoin on TON as well.
The announcement came in conjunction with Tether CEO Paolo Ardoino’s and Telegram founder Pavel Durov’s keynote speeches at the crypto event Token2049 in Dubai.
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Source: https://cointelegraph.com/news/tether-usdt-stablecoin-ton-blockchain