TON Foundation and Tether Strengthen Partnership to Drive USDT Adoption
CryptoNewsTerminal Staff06 Jun, 2024
TON Foundation and Tether Strengthen Partnership to Drive USDT Adoption
Telegram's TON Foundation and Tether Reinforce Collaboration to Expand USDT Usage The Open Network (TON), a layer-1 blockchain project developed by Telegram, has announced a significant partnership with Tether to promote the adoption of USDT, the largest stablecoin by market capitalization. According to TON, the partnership has resulted in over 100 signed partnerships aimed at onboarding USDT. These partnerships span regions such as Africa, Southeast Asia, Europe, the Middle East, South America, and Africa. The business development teams of both organizations have been instrumental in driving this initiative. Through collaborations with local payment providers, TON and Tether aim to make USDT more accessible and widely used. This partnership is expected to accelerate the adoption of USDT, providing users with a stable and reliable medium of exchange in various regions. TON's commitment to scalability, low transaction fees, and user-friendliness further enhances the potential of this collaboration.
