Tether has entered into a partnership with TON and the Oobit service for the development of crypto payments

Tether, the USDT stablecoin company, has partnered with The Open Network (TON) and the Oobit service to "create a seamless cross-chain payment solution."

Tether Collaborates with @ton_blockchain and @oobit To Create Seamless Crypto-Payment Solution
Read more: https://t.co/Qaf6gTPhK9 pic.twitter.com/A9A3P6L5He

— Tether (@Tether_to) May 16, 2024

Oobit will provide a convenient and simple Tap & Pay interface. The latter guarantees that sellers will receive fiat currency, even if the payment is made in "stable coins". This, according to the participants, will expand the use of crypto assets as a means of payment.

"Together we will provide banking solutions for people who do not have access to banking services and revolutionize the way digital currencies are used, making it easier and more convenient," said Paolo Ardoino, head of Tether.

At the time of writing, TON is trading around $6.78. By market capitalization, the asset ranks ninth in the CoinGecko rating with an indicator of $23.3 billion.

Recall that in April, the issuer of the "stable coin" added support for The Open Network blockchain.

According to the data on the Tether website, a total of 238.5 million USDT based on TON were released to the market.