Tether has introduced its USDT stablecoin on The Open Network (TON), a blockchain supported by Toncoin (TON). This launch presents an opportunity for users to engage in peer-to-peer (P2P) payments, a key aspect of digital currencies. Additionally, the TON Foundation has revealed an attractive 11 million Toncoin (TON) incentive program to encourage adoption.

The integration of USDT on TON signifies a significant development in the blockchain space, particularly for the expanding TON network connected with Telegram. The joint efforts of Tether and the TON Foundation aim to provide a seamless P2P payment system to the extensive base of over 900 million active Telegram users.

Notably, the deployment of USDT on the TON blockchain offers Telegram users access to a decentralized payment system, reflecting the commitment of Tether to revolutionize financial infrastructure across blockchain platforms. With a total market cap of $109 billion, USDT remains a dominant force in the stablecoin market, recording a substantial 24-hour trading volume.

To complement the launch, the TON Foundation has announced an enticing 11 million Toncoin (TON) promotion. This program is designed to reward early adopters of USDT within the TON ecosystem, offering opportunities to earn TON tokens through various initiatives. The foundation is leveraging this promotion to incentivize liquidity provision on select DeFi platforms integrated with the TON blockchain, fostering further engagement within the ecosystem.