Tether, TON Foundation and Oobit create a seamless cryptocurrency payment solution.
Tether Operations Limited, the largest company in the digital asset industry, has partnered with mobile payment app Oobit and the TON Foundation to revolutionize the use of cryptocurrency as a payment method. This collaboration aims to provide users with a smooth and convenient way to transact with cryptocurrency.
Tether reaffirms its commitment to a borderless financial system
This partnership reiterates Tether’s unwavering commitment to providing a borderless financial system through decentralized technology solutions. In line with this, Tether recently launched USD₮ and XAU₮ on TON to facilitate seamless transfers between users in the TON ecosystem, enabling a fast, secure, and cost-effective process.
$200 million worth of USD₮ has been issued on TON’s blockchain.
Since launch, over $200 million USD₮ has been minted on TON’s blockchain. This allows users to send USD₮ as a direct message on Telegram and use the same USD₮ for instant cryptocurrency tab payments on Oobit. These developments further highlight Tether’s position as a leader in digital assets working to shape the future of finance.
A new era of accessibility, efficiency and convenience
This collaboration opens a new era of accessibility, efficiency and convenience for users around the world. Oobit is a strategic part of this collaboration and provides a convenient and seamless cryptocurrency Tap & Pay experience. This integration will further expand the use of cryptocurrency as a payment method, making it a viable and widely accepted option.
Empowering individuals to utilize the full potential of digital assets
TON, a decentralized alternative to the traditional Internet through blockchain technology, plays a pivotal role in this collaboration. The TON blockchain works together with Telegram to provide a simple, borderless experience for Telegram’s user base for peer-to-peer (P2P) payments. This integration improves the overall user experience by providing convenient access to decentralized services.
Drive mass adoption globally
With the overarching goal of expanding USD₮ accessibility globally and facilitating seamless value transfers within the TON ecosystem, while providing a seamless cryptocurrency tap-and-pay experience through Oobit, Tether is committed to transforming the cryptocurrency landscape and disrupting the traditional financial system. We continue to lead the way.
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