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Tether USDT stablecoin goes live on TON blockchain

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Tether and Telegram’s Web3 ecosystem are aligning further with the launch of USDT and XAUT stablecoins on the TON blockchain.

Tether, the stablecoin operator, is deepening its integration with Telegram’s Web3 ecosystem by introducing its stablecoins, including Tether USDT and Tether Gold (XAUT), on The Open Network (TON).

The announcement was made on April 19 during the Token2049 event in Dubai, where Tether CEO Paolo Ardoino and Telegram founder Pavel Durov delivered keynote speeches.

Alongside the stablecoin launch, Tether also revealed a restructuring plan, introducing four new business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu. Ardoino emphasized the shared vision of TON and Tether for an open, decentralized internet and a borderless financial system.

The addition of USDT and XAUT on TON is a significant step for Tether, expanding its presence to 15 blockchains, including Ethereum and Tron. This move also holds importance for the TON network, which recently surpassed Dogecoin as the ninth-largest blockchain and cryptocurrency by market value.

According to Ardoino, USDT and XAUT on TON will facilitate seamless value transfer, boosting activity and liquidity while providing users with a financial experience comparable to traditional systems.

The integration of USDT into the TON ecosystem enables transfers between fiat and crypto, aiming to surpass traditional finance in efficiency and user-friendliness. Jack Booth, TON Foundation’s marketing head, highlighted the TON blockchain’s capability to provide simple, borderless peer-to-peer payments, catering to Telegram’s estimated global user base of over 900 million.

While USDT has been available on Wallet, a third-party custodial wallet for Telegram users, since at least 2023, its integration with TON marks a significant milestone. Halil Mirakhmed, Wallet’s chief operating officer in Telegram, confirmed that TON-based USDT will be offered alongside TRC-20 USDT on Wallet.

The move comes on the heels of Tether’s recent launch of a recovery tool for migrating USDT between different blockchains in March 2024. With USDT stablecoin crossing the $100 billion market cap milestone earlier in March, its expansion onto the TON blockchain signifies another step forward in the cryptocurrency’s ecosystem growth.

Source: cointelegraph.com

The post Tether USDT stablecoin goes live on TON blockchain appeared first on HIPTHER Alerts.

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Merging Traditions with Fintech and Blockchain Innovations

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Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit

The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.

Moderator: Anna Agu

Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.

Panelists:

  • Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
  • Astra Tikas – Founding Board Member of INO (Internet Native Organization)
  • Dr. Dean Rakic – Chief Scientist at Blockcontrol
  • Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
  • Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania

Why Attend?

The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:

  1. Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
  2. Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
  3. Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
  4. Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
  5. Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.

Join Us

This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.

Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!

The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.

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North America B2C E-Commerce Market & Payment Innovation Trends Report 2024 – By 2025, Digital Wallets are Expected to Make Up Over a Quarter of Canada’s Online Payments

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BOX-GameFi Innovation in Entertainment: Integration of Blockchain Technology and Monopoly

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