USDT supply on TON blockchain exceeds 500 million

TONThe USDT supply on the network surpassed 500 million, accompanied by increasing interest in Telegram games.

The TON network, which took the market by storm with Telegram’s tap-to-win games, attracted attention with its USDT supply. The network, which exceeded 500 million USDT supply in a short time, continues to grow day by day. This development includes Tether’s gold-backed stablecoin, XAUT, and its US dollar-backed stablecoin. TONIt took place approximately two months after its launch in .

In its announcement via its official Telegram channel, The Open Network said, “The demand for USDT-TON is increasing and this is not surprising. “Being able to easily send digital dollars to anyone and anywhere is the use case that sets USDT-TON apart.” said.

Telegram games took the TON ecosystem into flight

Earlier this month, the total value locked (TVL) on the TON blockchain exceeded $600 million; this was double the TVL three weeks ago. According to DefiLlama’s data, TON currently has a TVL of $670 million.

The network has gained traction this year as it has become the preferred solution for Web3 integration for Telegram, which reportedly has more than 900 million users worldwide.

The increase in network activity is playable on Telegram touch-win It is attributed to the increasing popularity of games. Games such as Notcoin, Catizen and Hamster Kombat allow users to earn tokens. Individuals who see the opportunities in this field naturally flock to Telegram.

Toncoin, the native token of the TON blockchain, reached a market price of $18.5 billion. TON is sold at $7.54 due to the prestige of writing the news.