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- Binance Exchange has integrated Tether (USDT) on the TON network.
- As the protocol powers Toncoin, users now have another option to move the world’s largest stablecoin.
Popular crypto exchange Binance has continued on its mission to expand multi-chain functionality with a recent Tether (USDT) integration on the TON Network. This move opens the door for crypto enthusiasts to leverage the advantages of both platforms.
USDT to See Enhanced Utility on TON Network
The integration allows seamless movement of USDT through the TON Network on Binance.
This union combines the stability and liquidity of USDT, the world’s leading stablecoin, with the advantages of Toncoin, fast transaction speeds, and minimal fees. Consequently, users can now enjoy cost-effective and swift transfers while maintaining the value proposition of USDT. Binance now offers comprehensive deposit and withdrawal services for this stablecoin.
This initiative reflects Binance’s broader vision of empowering users with a diverse range of secure and efficient blockchain options. Binance has provided dedicated USDT deposit addresses specifically for the Toncoin Network to ensure a smooth transition. Users are encouraged to double-check these addresses and smart contract details through official Binance channels for secure transactions.
The USDT integration on TON comes at a crucial juncture, coinciding with anticipated regulatory changes in the European Economic Area (EEA). This development follows recent decisions by other platforms, like Uphold, to delist certain stablecoins, including USDT in anticipation of stricter regulations. Binance’s move positions TON as a viable option for users seeking alternatives in the crypto space.
Telegram founder Pavel Durov has outlined ambitious plans for leveraging TON’s capabilities. His vision includes tokenizing stickers and emojis within the Telegram platform while upholding core blockchain principles like privacy and freedom.
Adding to the excitement, Flipster has partnered with TON to integrate its blockchain technology into its trading platform. As highlighted in a Crypto News Flash YouTube video, this collaboration offers users a wider range of deposit options, streamlining the user experience.
To celebrate, Flipster is running enticing reward campaigns, including high-yield USDT deposits and a 50,000 USDT prize pool. These promotions aim to incentivize the use of the trading platform and run for a limited time.
Reaction from TON
The market initially responded positively to the USDT-Toncoin integration, with TON’s price experiencing a temporary jump to $7.32. While the price has since stabilized, the ongoing market adjustments indicate continued investor interest.
As of this writing, TON is trading at $7.19, demonstrating price increases of 1.4% in the past day. The market cap stands at $17.6 billion, while the trading volume decreased by 15.5% to $234 million.
Earlier in the month, TON reached a key milestone, hitting an all-time high of $7.3. With its recent performance, analysts and traders claim TON could hit the $10 mark soon, as previously reported by Crypto News Flash.
In a more bullish projection, crypto analyst Ali Martinez says TON is headed for the $11 mark. Reflecting on Crypto News Flash’s prior findings, this forecast comes on the heels of recent market volatility.
