The supply of USDT on The Open Network (TON) blockchain has surpassed $500 million, reaching $519.28 million as of June 26, 2024. This milestone was achieved just two months after USDT launched on the TON network.
TON’s total value locked (TVL) exceeded $600 million in June 2024, growing over 20 times since March 2024. This growth highlights TON’s popularity for Telegram integration and Web3 applications, such as games like Catizen and Hamster Kombat.
USDT’s presence on TON sets it apart due to its ease of use, similar to sending a message, which makes stablecoin transactions more accessible. USDT is also available on other networks like TRON and Ethereum, where the bulk of its supply is held.
Toncoin, the native token of TON, now ranks in the top 10 cryptocurrencies with a market cap of $18.37 billion, trading at $7.47. These advancements underscore TON’s strategic importance in the evolving cryptocurrency landscape, paving the way for enhanced digital solutions and user experiences.
