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Wire Users can now transfer the world’s most popular stablecoin, Tether (USDT)via chat.
This news was tweeted ton blockchain with team Write: “Imagine being able to buy and sell crypto through a messaging app. Now imagine it’s already here,” adding Link purse,
Kirill Maleev, partner at First Stage LabAn ecosystem builder and VC firm on the TON blockchain, Tweeted About “big news for” [TON] community”, adding that USDT is integrated within the popular instant messaging app and added to the @wallet bot, allowing users to “easily send USDT to their friends alongside native TON coin.”
This means users are now able to select USDT altcoins in their Telegram chat boxes to transfer money to their peers directly and instantly.
Per Decrypto, however, will only support USDT running on Telegram for now tron Blockchain, TRC20.
Maleev said that t.me/wallet also allows users to convert USDT to TRC-20 tokens to buy TON.
This latest development should, in theory, be a positive for the industry. Malev argued that,
“This is a great step for crypto adoption! […] This is not only a major milestone for the TON blockchain community, but also an important step in bridging the gap between cryptocurrencies and mainstream users. Now we can all easily *show* how crypto works to our non-cryptonative friends.”
He also named some of the possibilities created by this Telegram/USDT move, including new and different types of transactions, shopping, and crowdfunding.
Telegram is said to have 700 million monthly active users, Per Demand sage, with projections of over a billion users by the end of the year. User count has increased by 175% since 2018. Furthermore, the app has 55.2 million daily active users by 2023.
Meanwhile, USDT is the world’s largest stablecoin per market capitalization ($78 billion), and third among all cryptocurrencies. bitcoin (btc) And Ethereum (ETH)respectively.
Although initially dismissive of the network, Pavel Durov, the mastermind behind Telegram, last year praised the efforts of TON — a blockchain project built from TON. The ruins of my own vision of a global stablecoin,
Durov’s original TON was delisted at the eleventh hour by US regulators back in 2020. TON Foundation – who have rebranded the project and called it ‘The Open Network’. Instead of the original gram coin, this new TON project uses Toncoin.
Durov too suggested Telegram may one day launch a blockchain technology-powered marketplace for usernames, emoji and other app-based assets. Such a marketplace would ensure that ownership of usernames was “secured on the blockchain” through “non-fungible tokens”.nft)—like smart contracts,” he claimed.
Without committing anything, Durov suggested that TON and its parent Toncoin network and currency could be the best choice for such a market.
In October 2022, TON developers announced The launch of a peer-to-peer (P2P) marketplace allows Telegram users to trade TONCOIN directly on the messaging platform. He added that users are able to buy and sell crypto directly with the wallet service acting as a guarantor of the transaction.
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