USDT on Toncoin (TON) Officially Goes Live on Binance: Details

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Binance Telegram has announced the integration of Tether (USDT) into the Tonecoin (TON) network, allowing users to start making deposits and withdrawals using the Telegram-related blockchain.

On April 19, Tether CEO Paolo Ardoino and Telegram CEO Pavel Durov made a joint statement at the TOKEN2049 conference announcing the issuance of USDT on TON. Since then, the issuance of USDT on TON has already exceeded $580 million worth. This makes TON the sixth largest blockchain in terms of USDT, with the top three being TRON, Ethereum, and Solana.

Additionally, Tether and TON announced that they plan to launch over 100 integrations with partners around the world to drive adoption of both the popular stablecoin and Telegram’s associated blockchain.

When will TonCoin be listed?

Interestingly, however, Toncoin itself, the native token of the TON blockchain, has not yet been spot listed on Binance – as of now, the ninth-largest cryptocurrency on the world’s largest crypto exchange is only represented in the form of perpetual futures.

Currently, Binance has listed Toncoin on the derivatives market, allows USDT transfers on the TON network, and has listed Notcoin (NOT), which is a big talking point in the ecosystem, but has yet to list TON on the spot market. What is the problem?

Stay tuned for updates on Toncoin’s market availability and the wider implications of USDT’s integration onto the TON blockchain.

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Gamza Khanzadayev

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