Messaging app Telegram to allow Tether stablecoin payments

Stablecoins Tether and Circle’s USDC dominate the market.

Justin Tallis | AFP | Getty Images

Telegram users can now initiate mutual payments with stablecoin USDT through the encrypted messaging service’s linked blockchain.

Telegram, which has around 900 million users worldwide, announced on Friday that it will offer app users the option to send USDT (a stablecoin developed and issued by Tether) via the Open Network (TON).

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