USDT launches on TON blockchain as Tether announces US Dollar, Gold-backed tokens

Source Fxstreet
  • Appearing at the Token2049 in Dubai, Tether and Telegram CEOs announced launching USDT and XAUT tokens on TON blockchain.
  • USDT is the US Dollar-pegged Tether token, while XAUT is the Gold-backed digital token.
  • Merchant purchases allow anyone to sell anything as wallet users can send USDT instantly and without fees to contacts.
  • This integration is poised to boost activity and liquidity on TON blockchain.

Despite heavy rains in Dubai, only likened to what has been seen 75 years ago, Token 2049’s success continues to hit the news as the premier crypto event brings founders and executives of leading Web3 companies and projects together.

Also Read: Tether, circle diverge on how to tackle global patchwork of stablecoin rules

Tether tokens launch on TON blockchain

Tether has announced the deployment of two tokens: the US Dollar-pegged Tether token (USDT) and Gold-backed digital token (AUXT) on The Open Network (TON). The announcement took place at the Token 2049 in Dubai with Tether, Telegram and The Open Platform CEOs Paolo Ardoino, Pavel Durov and Andrew Rogozov, respectively, in attendance.

The deployments will be an enabler for:

  • Seamless value transfer
  • Increased activity and liquidity on TON blockchain
  • Offering users traditional financial system experience

Being the industry’s pioneer for the stablecoin concept, this move solidifies USDT’s position as the most widely adopted stablecoin. For instance, merchant purchases will make it possible for anyone to sell anything because then wallet users would be able to send USDT instantly and without fees to contacts.

Toncoin (TON) price has not reacted to the news, an action hugely attributed to the broader market lull as traders brace for volatility related to the Bitcoin halving. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
2025 Black Friday is coming! Which stocks may see volatility?Coming on the day right after Thanksgiving in the United States, Back Friday marks the start of the holiday shopping season. Sales data from this shopping frenzy day reflects investor confidence and consumer trends. The National Retail Federation (NRF) predicts that holiday season (Nov and Dec) retail sales in 2025 will likely exceed $1 trillion for the very first time, which represents a year-over-year increase of 3.7 to 4.2 percent. Historic data from the past decade show that the retail sector has generally outperformed the S&P 500 during the weeks before and after Black Friday. The following retailing companies are expected to be big winners:
Author  Insights
Nov 24, Mon
Coming on the day right after Thanksgiving in the United States, Back Friday marks the start of the holiday shopping season. Sales data from this shopping frenzy day reflects investor confidence and consumer trends. The National Retail Federation (NRF) predicts that holiday season (Nov and Dec) retail sales in 2025 will likely exceed $1 trillion for the very first time, which represents a year-over-year increase of 3.7 to 4.2 percent. Historic data from the past decade show that the retail sector has generally outperformed the S&P 500 during the weeks before and after Black Friday. The following retailing companies are expected to be big winners:
placeholder
Bitcoin Bleeds to $86K, But This Key Indicator Screams "The Top Isn't In"Bitcoin’s adjusted Spent Output Profit Ratio (aSOPR) has spent nearly two years coiling below the extremes seen at past bull-market peaks, even as BTC trades around $86,300 and down 9% on the week — a setup that leaves open the possibility that this cycle’s true top may still lie ahead.
Author  Mitrade
Nov 25, Tue
Bitcoin’s adjusted Spent Output Profit Ratio (aSOPR) has spent nearly two years coiling below the extremes seen at past bull-market peaks, even as BTC trades around $86,300 and down 9% on the week — a setup that leaves open the possibility that this cycle’s true top may still lie ahead.
placeholder
Bitcoin Price Rebound Gains Traction with $90K Break in SightBitcoin is trading above $87,000 and its 100-hour SMA after rebounding from $83,500, with a bearish trend line at $88,200 and resistance at $89,000–$90,000 now in focus as BTC either breaks higher toward $91,750–$94,000 or slips back toward $86,700, $85,000 and lower supports.
Author  Mitrade
Yesterday 02: 58
Bitcoin is trading above $87,000 and its 100-hour SMA after rebounding from $83,500, with a bearish trend line at $88,200 and resistance at $89,000–$90,000 now in focus as BTC either breaks higher toward $91,750–$94,000 or slips back toward $86,700, $85,000 and lower supports.
placeholder
Bitcoin Targets $89K Breakout as S&P 500 Nears ATH on Fed Rate Cut HopesBitcoin price action shows signs of a potential short squeeze as it hovers near $88,000, with analysts watching liquidity dynamics that could push it toward $89,000 or retrace to $85,000.
Author  Mitrade
7 hours ago
Bitcoin price action shows signs of a potential short squeeze as it hovers near $88,000, with analysts watching liquidity dynamics that could push it toward $89,000 or retrace to $85,000.
placeholder
Ethereum Reclaims $3K Handle—Is a Breakout Imminent?Ethereum has jumped back above $3,000 and reclaimed key Fib levels, with a bullish trend line at $2,880 and strong MACD/RSI readings putting a breakout above $3,120–$3,165 — and a possible run toward $3,320–$3,350 — on the table, as long as support around $2,980–$2,920 holds.
Author  Mitrade
7 hours ago
Ethereum has jumped back above $3,000 and reclaimed key Fib levels, with a bullish trend line at $2,880 and strong MACD/RSI readings putting a breakout above $3,120–$3,165 — and a possible run toward $3,320–$3,350 — on the table, as long as support around $2,980–$2,920 holds.
goTop
quote