The Open Network (TON) Foundation, a non-profit organization dedicated to promoting initiatives on the TON blockchain, has announced its plans to expand the availability and usage of USDT, the Tether-issued dollar-pegged stablecoin, on top of Ton. This strategic alliance aims to make USDT on Ton accessible to everyone, everywhere, according to a recent press release.

The TON Foundation's initiative seeks to complete 100 different integrations worldwide, having already successfully executed some of these in various markets. Users in Africa, Southeast Asia, Europe, the Middle East, and Latin America are already benefiting from these integrations, with more being discussed.

The integrations serve two primary purposes. Firstly, they allow individuals in each of these countries and markets to have easy access to USDT on Ton, and enter the Ton ecosystem quickly and effortlessly. Secondly, some of these partnerships include collaborations to enable using USDT payments to acquire goods and services using TON.

Paolo Ardoino, CEO of Tether, emphasized the significance of this move. "Mass adoption, starting from where it matters the most," he stated.

Since its debut, TON Foundation has provided incentives for users to adopt USDT on its network, allocating millions of TON to incentivize using and holding USDT in Telegram's wallet. The supply of USDT on Ton has grown exponentially, reaching a market cap of $130 million just two weeks after being launched. Currently, there are almost 400 million USDT issued on Ton, more than tripling its supply when compared to May 3.