In a groundbreaking move, Tether, Oobit, and the TON Foundation have joined forces to revolutionize the world of cryptocurrency payments. This powerful alliance aims to make transferring money easier, faster, and more secure, marking a significant step towards a borderless financial system.

Tether, the largest stablecoin company, has partnered with Oobit, a mobile payment app, and the TON Foundation to launch USD₮ and XAU₮ on the TON blockchain. This collaboration is designed to provide users with a seamless and simple way to transfer money, reflecting Tether's vision of creating a financial system without borders using decentralized technology.

As part of this partnership, Tether has introduced its stablecoins, USD₮ and XAU₮, on the TON blockchain. This move will enable quick, safe, and affordable transactions within the TON ecosystem. The launch has seen over $200 million worth of USD₮ issued on the TON blockchain, allowing users to send USD₮ through Telegram and make instant crypto payments on Oobit. This innovation strengthens Tether's position in the digital asset market.

Paolo Ardoino, CEO of Tether, expressed his excitement about the partnership, highlighting its potential to generate new ideas in cryptocurrency payments. He emphasized that this collaboration provides banking solutions to the unbanked and is transforming the way people transact with cryptocurrencies.

Oobit's Tap & Pay feature ensures a fast and easy crypto experience, guaranteeing that merchants receive fiat currency even when payments are made in USD₮. This integration is expected to increase the practical use of cryptocurrency as a payment method, making it a valid and widely accepted option.

Amram Adar, CEO of Oobit, stated that their goal is to enable people to use digital assets fully. He emphasized that the partnership provides unbanked individuals access to popular cryptocurrencies and worldwide payments through Oobit.

The TON Foundation, a non-profit organization promoting decentralized technology, plays a crucial role in this collaboration. The TON blockchain's alliance with Telegram allows for straightforward, borderless P2P payments, increasing access to decentralized services and improving the user experience.

Victor Mendes, CEO of Business Development at Wallet, said that this partnership makes cryptocurrency accessible and easy to use. The integration of Toncoin into Oobit's Tap & Pay feature will provide millions of users with a seamless Web3 on- and off-ramp experience, accelerating the vision of widespread crypto adoption.

Despite the excitement surrounding this development, the TON price has not yet reacted positively, dipping by 3.46% in the last 24 hours to $6.74. TON's market capitalization also decreased by 3% to $23,412,207,172, while the 24-hour trading volume surged by 73.49% to $679,612,074.