TON blockchain’s TVL surpasses $670 million, doubling in recent weeks.
Tether stops minting on Algorand and EOS, focusing on popular blockchains.
Tether’s net circulation on The Open Network (TON) has surpassed 500 million, according to recent data from The Block. As of Tuesday, the network hosts 519.28 million USDT stablecoins, just two months after Tether introduced its U.S. dollar-backed stablecoin on TON, alongside the gold-backed XAUT.
The Open Network highlighted the growing demand for USDT-TON via its official Telegram channel. “The ability to send digital dollars to anyone, anywhere, as easily as sending a text message, is a practical and real-world use case that sets USDT-TON apart,” the announcement stated.
However, TON blockchain’s native cryptocurrency, Toncoin, experienced a 2% decline in price, trading at $7.47, and a 19% drop in trading volume over the past 24 hours.
We współpracy z: https://thenewscrypto.com/tethers-net-circulation-on-ton-surpasses-500-million/
