USDT on the TON Network: A Stablecoin on the Rise

This article will discuss about USDT’s growth on TON, its role in the decentralized finance (DeFi) ecosystem, and how these developments may impact USDT’s future as a whole.

Tether USD (USDT), a stablecoin pegged to the US dollar, has become a major player in the Open Network (TON) network.

USDT Supply in TON Reaches $729 Million

According to on-chain data analysis from CryptoQuant, the total USDT supply on TON has surged to $729 million in just four months after its integration. This significant increase shows the growing presence of stablecoins in the TON blockchain as the TON to USDT on Bitrue today around 5.7716 USD per TON increase 5% in daily basis

If evaluated separately, USDT on TON would rank as the seventh largest stablecoin by market capitalization, highlighting its significant market position. The integration by the TON Foundation was critical in attracting stablecoin liquidity necessary for network expansion.

Simultaneously, the growing supply of USDT facilitates various financial transactions and supports wider adoption of TON.

Easier P2P Transfers for Everyday Transactions

Additionally, data shows that Tether USD on The Open Network blockchain has become highly effective for peer-to-peer (P2P) value transfer.

The average transfer amount, ranging between $15 and $100, represents frequent, small-scale transactions typical of everyday retail activity. This pattern suggests that users utilize stablecoins for routine financial interactions.

Furthermore, the consistently low median transfer fee of four cents on the TON blockchain ensures that these transactions remain economical for users. This affordability increases its appeal for P2P activities, encouraging its use in daily financial exchanges.

The Role of Tether USD in Decentralized Exchange (DEX) on TON

The decentralized finance (DeFi) ecosystem on the TON blockchain is also influenced by the presence of USDT. This stablecoin is widely used in decentralized exchanges (DEX), forming a core component of DeFi activity on these networks.