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Users can now trade USDT on the TON blockchain via Binance, with Tether’s transaction volume surging to $53 billion, surpassing Visa’s $42 billion.
Introduction
Today, Binance, the world’s largest crypto exchange, has announced the live integration of Tether (USDT) on the TON blockchain, enabling users to conduct deposit and withdrawal operations using USDT on the TON network.
Main Points
This development is set to improve USDT’s accessibility and potentially increase transaction volumes globally, as Binance, with an average daily trading volume of $10 billion, strengthens its position as a leading exchange in the market.
Furthermore, Tether, boasting a market cap exceeding $112 billion, has seen its 24-hour trading volume reach $53 billion, outpacing Visa’s daily trading volume of $42 billion.
Binance’s support extends to various blockchains, including the Arbitrum One and Optimism networks, enhancing liquidity and utility for USDT holders.
Conclusion
Paolo Ardoino, CEO of Tether, has highlighted the significance of integrating USDT on the Ton blockchain, aligning strategically with market demands to provide traders and investors with enhanced operational flexibility and efficiency.
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