The Open Network (TON) continues to gain momentum as a leading blockchain platform integrated within one of the world’s most popular messaging apps, Telegram. A major milestone was recently achieved: the circulating supply of the dollar-pegged stablecoin Tether (USDT) on the TON blockchain has surpassed 519 million tokens, according to data from The Block. This surge follows Tether’s official launch of USDT and its gold-backed token XAUT on the TON network just two months ago.
This rapid adoption highlights growing confidence in TON’s infrastructure and its expanding role in the global crypto economy. With seamless cross-border payments, low transaction fees, and tight integration with Telegram’s massive user base, USDT on TON is emerging as a practical solution for everyday digital dollar transactions.
👉 Discover how fast and affordable stablecoin transfers can be on TON.
Why USDT on TON Is Gaining Traction
The appeal of USDT on TON lies in its utility. As stated by The Open Network in their official Telegram channel:
“The demand for USDT-TON is surging — and it’s no surprise. The ability to send digital dollars to anyone, anywhere, as easily as sending a text message is a real-world use case that sets USDT-TON apart.”
This vision aligns perfectly with the needs of a global, mobile-first audience. Users can now transfer value instantly across borders without relying on traditional banking systems, making it especially valuable in regions with limited financial access or high inflation.
Moreover, the rise of mini crypto games on Telegram — such as Notcoin and Catizen — has significantly contributed to increased activity on the TON blockchain. These gamified applications attract millions of users who earn tokens through simple interactions, creating a vibrant micro-economy powered by blockchain technology.
Total Value Locked Soars Past $670 Million
Adoption isn’t limited to stablecoins alone. According to DeFi analytics platform DefiLlama, the total value locked (TVL) on the TON blockchain has surged past **$670 million**, more than doubling over just three weeks. At its peak this month, TVL briefly exceeded $600 million before continuing its upward trend.
Such growth reflects strong developer activity, increasing user engagement, and expanding decentralized finance (DeFi) opportunities on the network. The success of native dApps, combined with growing institutional interest — including major investments from firms like Pantera Capital — underscores TON’s potential as a scalable and user-friendly Layer 1 blockchain.
TON: One of the Top Cryptocurrencies by Market Cap
Toncoin (TON), the native cryptocurrency of The Open Network, currently ranks as the 8th largest cryptocurrency by market capitalization, with a valuation exceeding $18.5 billion**. At the time of writing, TON is trading at approximately **$7.47 per token, reflecting sustained investor confidence and strong fundamentals.
Its position among top-tier digital assets is not accidental. Backed by the infrastructure and reach of Telegram — which boasts nearly 900 million active users worldwide — TON benefits from unparalleled network effects. As Telegram increasingly integrates Web3 services into its ecosystem, including payments, advertising revenue distribution, and decentralized storage, TON becomes the foundational layer enabling these innovations.
For example, recent reports indicate that Telegram plans to allow advertisers to pay for promotions using TON, further increasing demand for the token while reinforcing its utility within a real-world digital economy.
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Core Drivers Behind TON’s Explosive Growth
Several key factors have fueled TON’s rapid ascent:
- Telegram Integration: With built-in wallet support and direct access via Telegram Mini Apps, users can interact with TON-based services without leaving the app.
- Low-Cost Transactions: Near-instant settlements with negligible fees make microtransactions viable — ideal for gaming, remittances, and peer-to-peer transfers.
- User-Friendly Onboarding: No technical knowledge required. Millions can start using crypto through familiar interfaces like chatbots and games.
- Growing Ecosystem: From DeFi protocols to NFT marketplaces and social platforms, new projects are launching weekly on TON.
This combination of accessibility, scalability, and real-world use cases positions TON uniquely in the blockchain landscape.
Frequently Asked Questions (FAQ)
Q: What is USDT on TON?
A: USDT on TON refers to the version of the Tether stablecoin issued natively on The Open Network blockchain. It maintains a 1:1 peg with the U.S. dollar and enables fast, low-cost transfers within the TON ecosystem.
Q: How does USDT on TON differ from other versions like ERC-20 or TRC-20?
A: While all versions of USDT are pegged to the U.S. dollar, USDT on TON offers faster transaction speeds and lower fees compared to Ethereum-based (ERC-20) USDT. It also integrates seamlessly with Telegram-based applications.
Q: Why is TON becoming so popular?
A: TON’s popularity stems from its integration with Telegram, ease of use, low fees, and growing ecosystem of games and decentralized apps. Its ability to onboard non-crypto-native users at scale sets it apart.
Q: Can I store USDT-TON in any wallet?
A: You need a wallet compatible with the TON blockchain, such as Tonkeeper, Tonhub, or Wallet by Telegram. Standard Ethereum or TRON wallets do not support USDT-TON.
Q: Is USDT on TON safe?
A: Yes, provided you use trusted platforms and wallets. Since it's issued by Tether — one of the most established stablecoin issuers — and secured by TON’s decentralized network, it benefits from robust technical and operational safeguards.
Q: How do I get USDT on TON?
A: You can bridge existing USDT from other chains via cross-chain bridges or purchase it directly on exchanges that support TON deposits. Some platforms also allow direct conversion within Telegram apps.
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Looking Ahead: The Future of Finance on TON
As more users discover the benefits of fast, low-cost, and accessible blockchain transactions, TON is well-positioned to become a cornerstone of next-generation digital finance. The integration of stablecoins like USDT amplifies its utility, enabling everything from international remittances to in-app purchases in viral mini-games.
With continued investment, developer innovation, and mass adoption driven by Telegram’s global footprint, the TON ecosystem is not just growing — it's evolving into a full-fledged digital economy.
Whether you're a seasoned crypto user or new to digital assets, the rise of USDT on TON signals a shift toward more inclusive and functional financial tools accessible to anyone with a smartphone.
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