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
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP Look for a Foothold After a Sharp ShakeoutBitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
Author  Mitrade
Nov 19, Wed
Bitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
placeholder
Market Meltdown: BTC, ETH, and XRP Capitulate as Bears Seize ControlBitcoin trades around $85,900 after breaking below $86,000, with Ethereum under $2,791 and XRP below $1.99 as BTC, ETH and XRP extend weekly losses of 8–10%, forcing traders to focus on supports at $85,000, $2,749 and $1.77 for clues on whether this sell-off has further to run.
Author  Mitrade
Nov 21, Fri
Bitcoin trades around $85,900 after breaking below $86,000, with Ethereum under $2,791 and XRP below $1.99 as BTC, ETH and XRP extend weekly losses of 8–10%, forcing traders to focus on supports at $85,000, $2,749 and $1.77 for clues on whether this sell-off has further to run.
placeholder
Bitcoin Volatility Spikes: Is Options-Driven Pricing Making a Comeback?Bitcoin's volatility is surging, suggesting a shift back to options-driven price action seen before Bitcoin ETFs were launched.
Author  Mitrade
7 hours ago
Bitcoin's volatility is surging, suggesting a shift back to options-driven price action seen before Bitcoin ETFs were launched.
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
5 hours ago
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
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP Attempt Recovery Post-SelloffBitcoin trades back above $87,700 after a 20% drop, while Ethereum rebounds from support around $2,749 and XRP recovers above $2.08 off its $1.96 floor, as BTC, ETH and XRP all try to turn last week’s steep correction into the start of a broader recovery.
Author  Mitrade
5 hours ago
Bitcoin trades back above $87,700 after a 20% drop, while Ethereum rebounds from support around $2,749 and XRP recovers above $2.08 off its $1.96 floor, as BTC, ETH and XRP all try to turn last week’s steep correction into the start of a broader recovery.
goTop
quote