Messaging app Telegram to allow Tether stablecoin payments

Telegram users can now start sending money via the stablecoin USDT through The Open Network , a blockchain network that's integrated with the encrypted messaging service.

Telegram users can now start making stablecoin USDT payments to each other through the encrypted messaging service's linked blockchain. TON is a blockchain network that was initially developed by Tether, but has since been taken over by open-source developers. It is integrated with the Telegram app.Users will first have to go to the Wallet bot on Telegram, which can be found using the search bar in the app, and set up a crypto wallet.After this, users will be able to purchase USDT and send money to other users by selecting Tether's token as a payment option.

They are nevertheless controversial. Doubts have been raised by regulators, investors, and analysts over the source of some stablecoins' reserves — but especially those of Tether.

Source: Digital Coin News (digitalcoinnews.net)

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