Tether (USDT) Circulating Supply Touches $580M Since Its Issuance on TON

Tether (USDT), the top stablecoin, has reportedly shown a great performance in recent times. According to the statistics, the stablecoin has reached the $580M spot in terms of circulating supply since it was released on The Open Network (TON).

Tether (USDT), the leading stablecoin, has showcased impressive performance recently. As per statistics, USDT's circulating supply has reached the $580M mark since its launch on The Open Network (TON). This figure indicates a substantial 76% month-over-month growth. The stablecoin now boasts a total supply of 112B.

Thanks to this development, TON has become the sixth-largest network in terms of circulating USDT. Furthermore, the platform has witnessed a surge in regular active users. Ton has reportedly experienced a remarkable 300% increase in its regularly active clients, reaching an all-time high of 632,000.

These indicators suggest strong potential for the stablecoin,evidenced by its widespread adoption and growth. Market observers are optimistic about this development, believing that robust EVM-compatible layer 2s and developer tooling will further enhance its progress.

The collaboration between Tether and TON has brought forth numerous benefits for consumers worldwide. The platforms joined forces to enhance the stablecoin's accessibility, particularly through Telegram. Telegram serves as a messaging platform that is closely connected to TON. Tether's vast network spans over one hundred local collaborators.

These partners operate in regions such as Latin America, the Middle East, Europe, Southeast Asia, and Africa. The initiative demonstrates a commitment to expanding USDT's global reach. Both firms' teams are working together to facilitate the conversion between various crypto assets and traditional currencies. Since USDT's integration into the Telegram Wallet, it has processed countless transactions.

On-chain analytics reveal that TON has experienced growth of over 100% year-to-date. This can be largely attributed to positive developments and a spike in on-chain transfers. The platform's strong performance has also been bolstered by the social media platform Telegram. It has played a crucial role in increasing the blockchain's usage and visibility. Additionally, the launch of a play-to-earn game called Notcoin has contributed to substantial network activity.

News source：https://www.kdj.com/cryptocurrencies-news/articles/tether-usdt-circulating-supply-touches-m-issuance-ton.html

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