Ramp Network, a leading player in the finance sector, has unveiled a in the realm of digital payments. Their latest reveals the seamless of USDt, Tether’s renowned stablecoin, into the Telegram Open Network (TON) ecosystem.
This strategic move enhances the utility of Tether’s USDt on TON, ushering in a new era of peer-to-peer within the expansive Telegram Messenger network, boasting over 900 million users globally. By the TON network, closely with the Telegram Wallet, this sets the stage for the of Telegram’s and services on TON.
USDt, a market capitalization exceeding $107 billion, stands tall as the world’s most widely adopted stablecoin, enjoying robust support across numerous leading blockchains.
The of Ramp’s decision to USDt on TON reverberate the entire TON ecosystem, promising for users engaging in. Ramp, as a premier provider of crypto financial, streamlines the process of crypto on- and off-ramps, enabling swift and purchases and across 150+ countries. benefit from Ramp’s user-friendly options, these features into their., Ramp’s Know Your Customer (KYC) process simplifies customer onboarding, offering seamless crypto-to-fiat and fiat-to-crypto swaps encompassing over 100 digital assets.
Szymon Sypniewicz, CEO of Ramp Network, outlined the phased strategy for USDt on TON. Initially, Ramp will introduce USDt on TON through its on-ramp feature on the main Ramp website and with third-party wallets TON assets. Subsequently, USDt on TON will integrate into the fiat off-ramp, enhancing and usability for users.
Ramp had signaled its to TON assets with the of on-ramp services for Toncoin (TON) in December 2023, laying the for this latest expansion.
