cryptojournalist
USDT on TON Reaches $1 Billion TON Network’s collaboration with Tether has hit a major milestone: $1 billion in USDT on its platform. Since their partnership started in April, the stablecoin has grown 670%, driven by the TON Network’s growing decentralized finance (DeFi) ecosystem.
Tether and TON’s Impact on DeFi Tether, the top stablecoin provider, and TON, which powers decentralized apps on Telegram, make a powerful team. With this partnership, USDT has surged in popularity on TON, highlighting Telegram’s potential as a DeFi hub.
Expanding DeFi and New Liquidity Plans TON’s DeFi ecosystem now holds $720 million in total value locked (TVL). Tether’s plan to launch a Dirham-backed USDT aims to attract liquidity from the Middle East, likely increasing the USDT supply on TON even further.
Mini-Apps on Telegram Driving Growth TON Network’s rise is also fueled by Telegram’s mini-apps, including popular projects like Notcoin. While some mini-apps have seen mixed results, they continue to play a role in TON’s expansion.
Toncoin’s Position in the Market TON’s native token, Toncoin, recently broke into the top 10 cryptocurrencies by value. Though it’s currently trading at $4.88 with a slight dip, it remains a major beneficiary of TON’s growth, with some predictions suggesting it could hit $20 in this cycle
