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
Here are all the Trump insiders who sold off billions in stocks before tariff announcementExecutives from some of America’s biggest companies sold off billions of dollars in shares right before Trump’s tariff announcement hit the markets. The trades happened during the first quarter of 2025, as tension built around the White House’s next economic move.
Author  Cryptopolitan
Apr 21, 2025
Executives from some of America’s biggest companies sold off billions of dollars in shares right before Trump’s tariff announcement hit the markets. The trades happened during the first quarter of 2025, as tension built around the White House’s next economic move.
placeholder
The dollar weakened, equities dipped, and gold hit record highsThe dollar weakened, equities fell, and gold set new records on Wednesday as investors waited for a Fed rate cut later in the day.
Author  Cryptopolitan
Sep 17, 2025
The dollar weakened, equities fell, and gold set new records on Wednesday as investors waited for a Fed rate cut later in the day.
placeholder
Markets in 2026: Will gold, Bitcoin, and the U.S. dollar make history again? — These are how leading institutions thinkAfter a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Author  Insights
Dec 25, 2025
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
placeholder
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Author  Mitrade
Dec 26, 2025
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
placeholder
Gold Suffers Epic Plunge, March Cumulative Decline Exceeds 20%. Has Gold Become a Risk Asset?At 3:21 AM Beijing time during the Asian trading session, Spot gold (XAUUSD) fell nearly 9% intraday, at one point dropping below the $4,100 per ounce mark. This not only erased all gains
Author  TradingKey
20 hours ago
At 3:21 AM Beijing time during the Asian trading session, Spot gold (XAUUSD) fell nearly 9% intraday, at one point dropping below the $4,100 per ounce mark. This not only erased all gains
goTop
quote