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* Approved by Archax LTD on 08.11.2024
Mercuryo Supports Mass Adoption of Tether (USDt) on The Open Network (TON)
April 19, 2024
Mercuryo Supports Mass Adoption of Tether (USDt) on The Open Network (TON)

The launch of The Open Network (TON) as a transport layer for Tether (USDT), will mark a groundbreaking advance in crypto transactions in a TON ecosystem that benefits from access to over 900 million Telegram users worldwide. Starting from today, an on-ramp for USDt is already available via Tonkeeper Wallet.

(*)It’s important to acknowledge that stablecoins, while offering more stability than other cryptocurrencies, still carry inherent risks, particularly when it comes to regulatory uncertainties and the reliability of underlying assets. Investors should remain cautious and consider these risks before fully embracing stablecoins as a financial instrument. Learn more.

Mercuryo is spearheading the adoption of USDt on TON, a leading layer-1 blockchain. USDt is now available to purchase through Tonkeeper wallet, a leading self-custodial wallet in the TON ecosystem.

The goal is to make peer-to-peer (P2P) transactions more available for TON users. 

Mercuryo's provision of the on-ramp service for the Tonkeeper wallet holds profound importance for the crypto industry, expanding the reach and utility of crypto for the masses.

Tether Integration Empowers Users and Fuels TON’s Efforts To Build A Web3 Ecosystem in Telegram

Tether, one of the most liquid stablecoins, provides liquidity and accessibility to traders and investors worldwide. Its value is pegged to the US Dollar, facilitating trading and arbitrage opportunities across various cryptocurrency exchanges.

With USDt available on TON, users gain a powerful tool to manage their assets more effectively. USDt's stability allows users to hedge their profits, mitigating risks associated with market volatility.*

Moreover, the further integration of USDt into the TON ecosystem opens up a world of possibilities for users and builders alike. 

Users can leverage USDt's liquidity to engage with a diverse range of decentralized applications. 

USDt allows users to explore new opportunities within the vibrant web3 ecosystem that TON is building directly in Telegram.

This integration is a win-win for both TON users and TON builders. Users benefit from increased liquidity and the ability to manage their assets more effectively, while builders gain access to a broader user base and greater opportunities for innovation and growth.

The USDt launch on TON empowers users to transfer USDt almost instantly. At launch, users will benefit from built-in on-ramps, with plans to introduce off-ramps soon.

USDt Launching on TON: A Step Towards Crypto Mainstream Acceptance

This integration of USDt on TON,, is both exciting and important for many reasons:

Mass adoption potential: With over 900 million global users, Telegram Messenger provides an immense user base for the adoption of USDt (TON), potentially introducing millions to the world of cryptocurrencies and decentralized finance (DeFi), perhaps for the very first time.

Borderless transactions: This integration eliminates barriers to cross-border transactions by enabling near-instant and feeless peer-to-peer transactions within Telegram. With USDt integration, any Telegram user can send funds pegged to USD worldwide.

Disruptive potential: USDt is one of the most disruptive tokens in the crypto space. This initiative disrupts traditional financial systems by offering a decentralized alternative for transferring value, challenging existing payment infrastructures and fostering innovation in the digital token space.

On the flip side, investing in USDT or in any other cryptocurrency presents potential risks, such as:

Regulatory uncertainties: Ongoing debates around stablecoins could lead to stricter oversight or licensing requirements, potentially affecting Tether and, by extension, TON users.

Technical vulnerabilities: As TON is still a relatively young network, there is always a chance of smart contract bugs or other technical issues impacting stablecoin transactions.

Inherent investment risks: While stablecoins like USDT are designed to reduce volatility, all cryptocurrency investments carry inherent risks. Market fluctuations, regulatory changes, and unforeseen black swan events can still lead to potential losses.

Mercuryo as the Web3 Gateway

Mercuryo is the first platform to provide on-ramp services for the Tonkeeper wallet. Mercuryo's integration with Tonkeeper enhances user experience and expands financial opportunities within the TON ecosystem empowering the crypto community. 

Users can transition between fiat and digital assets by receiving, paying and sending USDt, enabling them to participate more actively in decentralized networks and access a wider range of financial services.

How to buy USDt via Mercuryo, using a Tonkeeper wallet:

  1. Users select the option to buy Tether (USDt) directly from their Tonkeeper wallet, then enter the amount they wish to purchase in their local currency.
  2. Then, by selecting Mercuryo, they will be forwarded to the Mercuryo checkout to complete the purchase using their chosen payment method after passing the necessary security checks.
  3. After successful completion, users receive confirmation, and the purchased cryptocurrency is immediately available in their Tonkeeper wallet.

Conclusion

While USDt has already disrupted the conventional financial system as one of the most widely adopted stablecoins, the launch of USDt on-ramps through TON-based wallets marks a significant milestone. This enables the stablecoin to reach a vast and previously untapped audience on a global scale and brings vast opportunities for the TON ecosystem.

(*)It’s important to acknowledge that stablecoins, while offering more stability than other cryptocurrencies, still carry inherent risks, particularly when it comes to regulatory uncertainties and the reliability of underlying assets. Investors should remain cautious and consider these risks before fully embracing stablecoins as a financial instrument. Learn more.

Approved by Archax LTD 29.10.2024
Mercuryo Comms
Mercuryo Comms
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