Binance Announces Tether Integration on Toncoin Network

cryptonews.com:

Binance, one of the world’s leading cryptocurrency exchanges, announced it has integrated Tether (USDT) on the Toncoin Network.

This means users can deposit and withdraw USDT using the network, marking another milestone in Binance’s efforts to enhance its multi-chain capabilities. This provides its users with more flexibility and options for their transactions.

Toncoin Network, or simply TON (The Open Network), is a decentralized blockchain network that evolved from the Telegram Open Network, originally developed by the messaging app Telegram. After a series of legal challenges, Telegram stepped away from the project, which was then continued by open-source developers.

Earlier this week the TON blockchain recorded a high total value locked (TVL) as of Monday, reaching above $600. According to DefiLlama data.

In a separate update on the Toncoin Network, Flipster announced it had partnered with TON to offer deposits via USDT.

1/3 We’re partnering with @ton_blockchain