$TON The TON/USDT pair has shown significant growth in recent months, reflecting the increasing adoption and integration of Toncoin (TON) with the stablecoin Tether (USDT).
In April 2024, Tether launched USDT on The Open Network (TON) blockchain, strengthening the ties between Tether's and Telegram's Web3 ecosystems.
In June 2024, Binance integrated USDT into the TON network, allowing direct deposits and withdrawals, which increased users' flexibility in moving the stablecoin's liquidity to the TON blockchain.
This integration contributed to rapid growth of USDT on the TON network, with the circulating supply surpassing $1 billion in September 2024.
Additionally, the integration of TON with the LayerZero protocol allowed the network to leverage the vast supply of USDT circulating on other blockchains, further strengthening its position in the stablecoin market.
These developments highlight the increasing importance of TON in the cryptocurrency ecosystem, especially regarding the liquidity and accessibility of USDT.