Tether (USDT), the world's largest dollar-pegged stablecoin, has announced on X (formerly Twitter) that TON-based USDT is now live on Bitkub.
Tether [NC], the world’s largest dollar-pegged stablecoin, has taken another crucial step toward achieving its global expansion goals. This follows after it announced on X (formerly Twitter) that TON-based USDT is now live on Bitkub, Thailand’s largest cryptocurrency exchange. This integration is expected to help Tether’s cause as it continues to seek ways to exert its weight on the global crypto market.
It might be worth noting that Tether’s announcement is part of an ongoing arrangement that it has with the TON Foundation. This partnership, as it was stated at the time, is primarily aimed at broadening access to USDT on the TON blockchain.
On June 6, Coinspeaker reported about the collaboration, which sought to integrate TON-based USDT into 100 exchanges and payment platforms across the world. At the time, the goal may have almost seemed overambitious. However, going by recent developments, the initiative may now be proving more successful than envisaged.
So far, the plan has been working, bringing TON-based USDT to users across Africa, Southeast Asia, Europe, the Middle East, and Latin America. Now, with this latest integration with Bitkub, there is no denying the fact that Tether is firing on all cylinders to achieve its goal.
Meanwhile, it might be worth mentioning that the pace of integrations has recently picked up, albeit significantly. While only three integrations were announced in October, November saw 11 new partnerships. Among these were Quidax Global, Stables Money, TrustKeys Global YellowCard App, and many others.
Even better, December is off to a strong start, with three integrations already announced in just the first week. The December 6 launch on Bitkub follows announcements of integrations with Bit2Me and Nomas Wallet earlier this month.
Meanwhile, these partnerships serve dual purposes. First, they allow users seamless access to USDT on the TON blockchain. They are also designed to enable USDT payments for goods and services within the TON ecosystem.
Overall, the idea is to make USDT transactions more accessible and efficient globally. So, with nearly 100 integrations on the way, Tether may have just found the perfect way to boost the adoption of its USDT stablecoin. Not just this. The firm may have also secured the path to enhance the utility of USDT across various platforms.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
