According to Tether, $580 million worth of USDT stablecoins have been issued on the TON blockchain.
The issuer began deploying stablecoins on the TON network in April, and soon the turnover reached a record $300 million.
Since May, the trading volume has been steadily increasing, regularly setting new highs, notes Token Terminal.
Analysts at Messari predict an increase in the number of blockchain users by 500 million by 2028.
Telegram actively promotes the development of TON, and gaming ecosystems boost the demand for both USDT and the native digital asset Toncoin.
The majority of USDT stablecoins are used in DeFi protocols on TON, with centralized exchanges ranking second in trading volume (according to Artemis).
