This collaboration enables instant, free cross-border payments as easy as texting for Telegram’s 900 million users.
It transforms the way financial transactions are conducted globally. Let’s explore more about this important news for USDT.
Seamless Global Payments for Telegram Users
The integration of Tether’s USDT on TON is a strategic move that leverages the platform’s unique capabilities. TON’s rapid transactions and low fees make it perfect for stablecoins used in cross-border payments. The TON Foundation supports and incentivizes this integration by offering 11 million TON tokens to encourage USDT usage on its network.
🔈 @Tether_to’s USDt now available on #TON!
Making cross-border payments INSTANT, FREE, and as EASY as sending a text message for @telegram's 900M users.
TON Foundation offers 11M $TON in incentives 💸💎
Check out this thread to learn more! 🧵⬇️ pic.twitter.com/yvqihsuBR9
— TON 💎 (@ton_blockchain) April 19, 2024
A pivotal aspect of this launch is the fully integrated on-ramps from most global fiat currencies. This feature lets users worldwide easily convert local currencies to USDT on the TON network, providing quick access to stable digital money. Plans are underway to introduce global off-ramps. This allows users to convert digital holdings into various fiat currencies and withdraw directly to their bank accounts or cards.
More About USDT & TON
The goal of USDT on TON is ambitious. They aim to outperform traditional financial services by eliminating high fees, slow transactions, and complex regulations. This will streamline financial processes and enhance user experience.
6/ 11M $TON incentives 💸
To drive adoption, TON Foundation is allocating 11M $TON in incentives. A huge step towards putting crypto in every pocket.
– 5M $TON will be used to boost rewards in USDt/TON liquidity pools across TON DEXes @ston_fi and @dedust_io.
– 5M $TON will be…— TON 💎 (@ton_blockchain) April 19, 2024
For users, this allows for international commerce, overseas money transfers, and settling debts abroad without the usual costs or delays from conventional banks. Financial transactions become quicker and more cost-effective. It’s an innovation that stands to not just change how we think about managing our money across borders but also to potentially shift the global economic landscape by making it more inclusive.
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