Binance Introduces Tether (USDT) Trading on TON Blockchain
Binance, the world’s largest cryptocurrency exchange, has made an exciting announcement today. Users can now trade Tether (USDT) on the TON blockchain via the Binance platform. This integration allows for seamless deposit and withdrawal operations using USDT on the TON network.
This development is expected to greatly enhance the accessibility of USDT and potentially increase transaction volumes on a global scale. Binance, with its impressive daily trading volume of $10 billion, continues to solidify its position as a leading exchange in the market.
Furthermore, Tether remains the largest stablecoin, boasting a market cap exceeding $112 billion. In a remarkable turn of events, its 24-hour trading volume now stands at a staggering $53 billion, surpassing even Visa’s daily trading volume of $42 billion.
Binance’s support for USDT is not limited to the TON blockchain alone. It extends to various blockchains, including bridges on the Arbitrum One and Optimism networks. This comprehensive support ensures liquidity and utility for USDT across multiple platforms.
Paolo Ardoino, CEO of Tether, had previously announced this significant milestone, emphasizing the implications it holds for the broader crypto economy. The introduction of USDT on the TON blockchain aligns strategically with the evolving market demands, offering enhanced flexibility and efficiency for both traders and investors.
In other news, Ripple has emerged victorious in its legal battle against the SEC. However, the company now faces a new lawsuit in California. This development highlights the ongoing challenges faced by Ripple in navigating the regulatory landscape.
