- Users can now deposit and withdraw USDT from TON.
- The integration will further increase TON traffic.
- TON has made great strides with its Telegram integration.
As competition among high-performance chains intensifies, user retention becomes increasingly important. The Open Network (TON) has recently made significant progress with its integration with the Telegram app. Integrating with would-be companion apps brings much-needed real users to the network.
The latest to recognize TON’s growing importance was Binance, the world’s largest cryptocurrency exchange. The exchange integrated TON for USDT transfers, allowing users to deposit and withdraw stablecoins using the network.
Binance allows USDT deposit and withdrawal with TON
Thanks to significant user growth, TON has established itself as one of the top blockchains on Binance. On Friday, June 21, Binance announced that it had successfully integrated Tether (USDT) into its Toncoin network, becoming one of 16 networks to support USDT withdrawals.
This integration places Toncoin alongside major networks such as Ethereum, Binance Smart Chain (BSC), Tron, Polygon, Solana, and Avalanche. This is an important milestone that improves the usability and adoption of Toncoin within the cryptocurrency ecosystem.
Integrating USDT into the Toncoin network will greatly simplify asset transfers for TON users. This means you can now deposit and withdraw USDT directly on the Toncoin network without moving your assets in and out of other blockchains.
Additionally, integration with Binance and USDT, the largest exchanges and stablecoins, is expected to increase adoption of the Toncoin network. Adoption is also growing rapidly thanks to the integration of TON and Telegram.
Toncoin has seen growth thanks to Telegram integration.
The integration of Toncoin and Telegram was a game-changer for the network, which was originally a Telegram project. With over 900 million active users, Telegram’s platform provides a large user base for Toncoin. Cryptocurrency features, including non-custodial wallets and decentralized exchanges (DEX), are all integrated with TON.
One of the other major developments is the launch of Telegram’s mini app, a third-party application that runs within the messenger. Among the most popular are clicker apps, including the Toncoin-based Notcoin, which has gained millions of users.
Telegram’s implementation of blockchain capabilities has significantly expanded Toncoin’s use cases. Users can now register a Telegram account without a mobile number by purchasing an anonymous number on the Fragment blockchain using Toncoin. This has led to increased usage of TON, proving its practical applications within the Telegram ecosystem.
On the flip side
- telegram The app was originally developed by the developer. ton. However, due to a lawsuit from the U.S. Securities and Exchange Commission (SEC) telegram sell in networkLeave it to independent developers.
- Regulations are a continuing risk. tonAs integration with telegram may be subject to investigation.
Why This Matters
Binance’s TON integration recognizes the network’s recent growth and technological advancements, especially within the Telegram ecosystem. The organic growth the network has experienced puts it in a strong position to compete with other scalable chains.
Learn more about Telegram’s clicker app:
Why Clicker Apps Like Notcoin Are Popular on Telegram
Learn more about the controversial LayerZero airdrop.
LayerZero (ZRO) listed on major exchanges amid disappointing airdrop