Tether collaborates with TON and Oobit to enhance cryptocurrency utility for seamless transactions
Tether has launched USDT and XAUT on TON’s blockchain, enhancing security and transaction speed within the network. Remarkably, over $200 million in USDT has been issued on TON’s blockchain, empowering users to engage in direct USDT transactions via Telegram
Following recent investments from Pantera Capital in TON as reported by CNF, TON has evolved into a robust decentralized Layer 1 network seamlessly integrated with the Telegram app. This integration as posted in a tweet, supports the functionality of Tether’s USDT and Tether Gold (XAUT), facilitating efficient peer-to-peer (P2P) payments for Telegram users and broadening access to decentralized services.
Here are the five key points from the announcement about Tether’s collaboration with the TON Foundation and Oobit:
Strategic Partnership: Tether has joined forces with the TON Foundation and Oobit to streamline cryptocurrency transactions, aiming to enhance their utility in everyday payments.
Launch of Digital Assets on TON: Tether has introduced USDT and XAUT on TON’s blockchain, facilitating secure and efficient transfers within TON’s ecosystem.
Enhanced Accessibility: Over $200 million in USDT has been issued on TON’s blockchain, enabling users to send USDT directly through Telegram and utilize it for
instant crypto payments via Commitment to Financial Inclusion: The collaboration aims to provide banking solutions to the unbanked, promoting wider adoption of cryptocurrency payments and transforming how transactions are conducted.
Integration with Oobit and Telegram: The partnership leverages Oobit’s crypto Tap & Pay feature and TON’s integration with Telegram to provide a simple and accessible crypto payment system, encouraging global use and acceptance.
This collaboration has already seen significant achievements. Notably, Tether has launched USDT and XAUT on TON’s blockchain, enhancing security and transaction speed within the network. Remarkably, over $200 million in USDT has been issued on TON’s blockchain, empowering users to engage in direct USDT transactions via Telegram and instantly utilize these for crypto payments through Oobit, a mobile payment application.
The partnership aims to democratize financial services by providing essential banking solutions to the unbanked and underserved populations. This strategic move not only promotes the wider adoption of cryptocurrency payments but also pioneers transformative changes in transaction methodologies worldwide. The integration with Oobit’s intuitive crypto Tap & Pay feature, along with TON’s extensive reach via Telegram, creates a comprehensive and user-friendly crypto payment ecosystem, encouraging widespread acceptance and utilization.
