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MARE BALTICUM Gaming & TECH Summit 2024


$60 Million USDT Already Issued On TON, Great Start, Says CEO




Tether (USDT), the world’s largest stablecoin, has swiftly entered The Open Network (TON) with $60 million worth of USDT already deployed on the blockchain.

The collaboration between Tether and the TON Foundation was announced just two days earlier at the Token2049 conference in Dubai.

USDT’s Strong Start on TON
Within a short span, $60 million worth of USDT has been issued on The Open Network (TON), positioning the blockchain as the 11th largest out of 16 blockchains supporting USDT. This significant milestone follows Tether’s announcement of its partnership with the TON Foundation during the Token2049 conference. Tether’s CEO, Paolo Ardoino, expressed satisfaction with the collaboration, initially reporting $35 million worth of USDT issuance, which has since been updated to $60 million in the Tether Transparency Report.

This integration holds considerable implications for Telegram users, offering instant and free cross-border payments. With USDT now available on TON, users can seamlessly conduct transactions without requiring a blockchain address or downloading separate applications. Telegram emphasizes that this integration will streamline money transfers, likening it to sending a direct message.

Fully Integrated On-Ramps
USDT on TON will seamlessly integrate with major fiat currencies, ensuring convenient on-ramping for users. Additionally, plans for off-ramping functionalities are underway, enabling users to convert USDT back to their preferred fiat currency and withdraw it to their bank account or card. Despite TON’s recent addition, a significant portion of USDT’s $109.8 billion circulating supply remains on the Tron Network, accounting for around $57 billion, followed by Ethereum with approximately $51 billion in USDT. Ethereum’s share has decreased as Tether seeks to mitigate Ethereum’s high network fees. Meanwhile, Solana hosts $1.9 billion worth of USDT.

Market Dominance
USDT continues to dominate the stablecoin market, holding an impressive 69% share valued at approximately $159.5 billion. Its closest competitor, Circle’s USD Coin (USDC), commands around 21% of the market, with $33 billion in circulation. The announcement also sparked a positive reaction in the price of Toncoin (TON), witnessing a 22% increase initially, although it quickly reverted to previous levels. Currently, TON is trading at $6.16, representing a 1.59% decline over the past 24 hours.


The post $60 Million USDT Already Issued On TON, Great Start, Says CEO appeared first on HIPTHER Alerts.

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Merging Traditions with Fintech and Blockchain Innovations





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.


  • 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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