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The USDT offer on the TON network has exceeded $500 million

Forklog / 26.06.2024 / 17:37
The USDT offer on the TON network has exceeded $500 million

The volume of the USDT market offer issued on the basis of The Open Network (TON) approached $520 million.

Data: Tether.to .

The milestone was reached about two months later, after Tether, the company that produces the most popular stablecoin, added support for the TON blockchain.

"The demand for USDT-TON is growing rapidly, and this is not surprising," representatives of The Open Network said in their Telegram channel.

They added that sending "stable coins to anyone and anywhere is as easy as sending a text message."

The TVL of the TON-based dapps ecosystem is approaching $700 million, according to DeFiLlama.

Data: DeFiLlama.

The exponential growth of the indicator is largely due to the phenomenal popularity of clicker games like Notcoin and Hamster Combat.

The integration of Web3 into a messenger with a user base of over 900 million had a positive impact on the Toncoin token rate, which took the ninth place in the CoinGecko rating with a market capitalization of $37.8 billion.

Earlier, Tether refused to issue USDT on EOS and Algorand.

https://forklog.com/cryptorium/chto-takoe-tether
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