Binance Completes USDT Integration on Toncoin Network

The cryptocurrency exchange Binance made an important announcement today regarding USDT. The announcement was about the integration of USDT into the Ton network. This development will add value to both USDT and Toncoin. Previously, Tether’s CEO had announced that such a move was coming. Let’s look at the details.

Binance Completes USDT Integration on Toncoin Network

The cryptocurrency exchange Binance announced that the integration of Tether (USDT) on the Toncoin network has been completed and that deposit and withdrawal operations are now open. Following this development, users can now perform USDT transactions on the TON network.

This development had also been previously announced by Tether CEO Paolo Ardoino. On April 19, Tether CEO Paolo and Telegram CEO Pavel issued a joint statement at TOKEN2049 announcing the issuance of USDT on TON.

This development could be beneficial for USDT to reach more users. It may also allow the transaction volume to increase gradually. As a reminder, USDT’s transaction volume reached $53 billion yesterday, surpassing Visa’s Q1 2024 average of $42 billion.