News
Headline: “Revolutionizing Trading: USDT on TON Blockchain via Binance Sparks Market Surge”
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Article summary
Users can now trade USDT on the TON blockchain via Binance, with Tether’s transaction volume rising to $53 billion, surpassing Visa’s $42 billion.
introduction
Today, Binance, the world’s largest cryptocurrency exchange, announced the live integration of Tether (USDT) onto the TON blockchain, allowing users to deposit and withdraw using USDT on the TON network.
Main points
This development is set to improve the accessibility of USDT 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.
Additionally, Tether, which boasts a market capitalization of more than $112 billion, saw its 24-hour trading volume reach $53 billion, surpassing Visa’s daily trading volume of $42 billion.
Binance support extends to various blockchains, including the Arbitrum One and Optimism networks, improving liquidity and utility for USDT holders.
Conclusion
Paolo Ardoino, CEO of Tether, highlighted the importance of integrating USDT on the Ton blockchain, strategically aligning with market demands to provide traders and investors with greater flexibility and operational efficiency.