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USDT stablecoin supply on TON blockchain crosses 500 million

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The Telegram-linked blockchain network has recently soared in popularity alongside in-app mini-games and native cryptocurrency.

Tether USDT stablecoin’s net circulation surpassed 500 million on the The Open Network . According to The Block’s USDT supply dashboard there were 519.28 million USDT stablecoins on the TON network as of Tuesday.

“The demand for USDT-TON is soaring, and it’s not surprising,” The Open Network announced via its official Telegram channel. “The ability to send digital dollars to anyone, anywhere, as easily as sending a text message, is a practical and real-world use case that sets USDT-TON apart.” The network has gained traction this year as it became the preferred solution for Web3 integration for Telegram, which reportedly has over 900 million users worldwide.

Source: Digital Coin News (digitalcoinnews.net)

 

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