Fiat-to-crypto on-ramp Transak integrates Tether (USDT) on TON Network
Transak integrates USDT on TON, enhancing crypto accessibility for over 5 million users. The integration supports popular wallets, including Tonkeeper, Trust Wallet, and Telegram. TON Foundation invests 11M Toncoin to boost USDT adoption and user incentives. Transak, a leading fiat-to -crypto on -ramp , has announced the integration of Tether (USDT) stablecoin on The Open Network (TON) Blockchain. The listing follows the strategic collaboration between the TON Foundation and Tether, that was unveiled on April 19, 2024, at the TOKEN2049 event in Dubai. The collaboration leverages TON’s highly scalable blockchain technology, Telegram’s massive user base of over 900 million, and Transak’s user-friendly Web3 onboarding process to offer a frictionless, borderless peer-to-peer (P2P) payments experience for USDT. To encourage widespread adoption, the TON Foundation also committed a substantial investment of 11 million Toncoin, valued at approxim...