YEREVAN (CoinChapter.com) — Binance has built-in Tether’s USDT token on The Open Community (TON). As of June 21, customers can now deposit and withdraw Tether (USDT) on TON.

“Binance has completed the integration of Tether (USDT) on the Toncoin Network. Deposits and withdrawals are now open,”

acknowledged the official announcement.

This integration improves transaction speeds, reduces charges, and provides a cheap technique for dealing with USDT transactions. Customers ought to examine their assigned token deposit addresses and the good contract deal with on TON via hyperlinks offered in Binance’s official announcement.

USDT on TON: Sooner, Cheaper Transactions Forward of EEA Rules

The mixing of USDT on TON provides a number of advantages for Binance customers. Enhanced transaction velocity permits customers to maneuver stablecoin liquidity onto the TON blockchain extra effectively. This payment discount provides a cheap resolution for dealing with USDT transactions, notably helpful for high-volume buying and selling or transfers. Elevated flexibility ensures safe and correct processing of transactions by checking assigned token deposit addresses and the good contract deal with on TON via Binance’s offered hyperlinks.

Binance’s USDT integration on TON happens earlier than anticipated regulatory shifts within the European Financial Space (EEA). Modifications below the Markets in Crypto-Property Regulation (MiCA) will place sure restrictions on unauthorized stablecoins like USDT.

In response to those regulatory modifications, the cryptocurrency trade Uphold introduced it could delist USDT and 5 different stablecoins by July 1. The opposite stablecoins embody Dai (DAI), Frax Protocol (FRAX), Gemini greenback (GUSD), Pax greenback (USDP), and TrueUSD (TUSD).

Pavel Durov Unveils Plans to Tokenize Telegram with TON Blockchain

Telegram founder Pavel Durov introduced plans to make use of the TON blockchain to tokenize stickers and emojis on the favored social media platform. Talking at Token2049 in Dubai, Durov emphasised the significance of privateness and freedom, elementary to blockchain expertise.

Durov outlined his plans to construct Telegram functionalities on The Open Community blockchain, together with integrating USDT and providing advert revenue-sharing choices.