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Binance announced the successful integration of Tether into the Toncoin network. According to Binance’s official announcement, as of June 21, users can now deposit and withdraw USDT on the Toncoin network. The announcement stated that Binance has completed the integration of Tether (USDT) into the Toncoin network, providing Binance users with more flexibility in transferring stablecoin liquidity to the Ton Network.
USDT Integration on Toncoin Network Completed
This move is expected to increase transaction speeds, reduce fees, and offer a cost-effective method for conducting USDT transactions. Users are advised to check their assigned token deposit addresses and the smart contract address on the Toncoin network through the links provided in Binance’s official announcement.
Binance’s USDT integration on the Toncoin network comes ahead of the anticipated regulatory changes in the European Economic Area (EEA). These changes will subject unauthorized stablecoins like USDT to specific restrictions under the Markets in Crypto-Assets (MiCA) regulations. Binance advised users to stay informed about these changes to ensure compliance and prevent potential disruptions in upcoming crypto activities.
What’s Happening on Telegram?
The cryptocurrency exchange Uphold recently announced that it will delist USDT and five other stablecoins by July 1 due to the European Union’s MiCA regulations. The other five stablecoin projects include Dai (DAI), Frax Protocol (FRAX), Gemini Dollar (GUSD), Pax Dollar (USDP), and TrueUSD (TUSD).
In recent news, Telegram founder Pavel Durov announced plans to tokenize stickers and emojis on the popular social media platform using the TON blockchain network. Durov emphasized the importance of privacy and freedom, which are the foundations of blockchain technology, during his speech at Token2049 held in Dubai this year.
Durov outlined his goals for building Telegram functionalities on The Open Network (TON), including the integration of USDT and ad revenue-sharing options. These developments continue to attract the interest of many altcoin investors, particularly with ongoing airdrop events for various memecoin projects.
