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New Crypto Payment Solution Announced by Tether, Oobit, and TON

Exciting news in the crypto world! Tether, a leading stablecoin provider, has announced a groundbreaking partnership with Oobit, a mobile payment app, and the TON Foundation. The goal? To revolutionize cryptocurrency payments and make money transfers seamless and effortless for users.

Tether’s vision is to create a global financial system using decentralized technology, and this collaboration is a significant step in that direction.

Discover Tether’s Expansion on TON Blockchain

As part of this partnership, Tether has introduced its stablecoins, USD₮, and XAU₮ on the TON blockchain. This move simplifies transactions within the TON ecosystem, ensuring a fast, secure, and cost-effective process.

Since the launch, over $200 million worth of USD₮ has been issued on the TON blockchain. Users can now send USD₮ via Telegram and use it for instant crypto Tap payments on Oobit, enhancing Tether’s presence in the digital asset market.

Paolo Ardoino, CEO of Tether, is thrilled about this partnership, highlighting its potential to spark innovation in cryptocurrency payments. He believes this collaboration empowers unbanked individuals and transforms the way people engage with digital currencies.

Experience Crypto Tap & Pay with Oobit

Oobit offers a seamless Tap & Pay crypto experience, ensuring merchants receive fiat currency even when payments are made in USD₮. This integration boosts the usability of cryptocurrency as a payment method, making it a widely accepted option.

Amram Adar, CEO of Oobit, aims to make digital assets accessible to all. He emphasizes that this partnership provides unbanked individuals with access to popular cryptocurrencies and global payments through Oobit.

TON Foundation’s Commitment to Decentralized Payments

The TON Foundation, a non-profit organization advocating for decentralized online networks through blockchain technology, plays a crucial role in this collaboration. The alliance between the TON blockchain and Telegram enables USD₮ and soon XAU₮ on TON, offering a straightforward service for Telegram users to make peer-to-peer payments.

Victor Mendes, CEO of Business Development at Wallet, highlights the accessibility and simplicity of cryptocurrency thanks to this collaboration. By integrating Toncoin into Oobit’s Tap & Pay feature, millions of users can enjoy a seamless Web3 experience, accelerating wide-scale cryptocurrency adoption.

Despite this exciting news, the TON price has seen a 3.46% dip in the last 24 hours, trading at $6.74. Similarly, TON’s market capitalization decreased by 3% to $23,412,207,172, while the 24-hour trading volume surged by 73.49% to $679,612,074.

Curious to learn more: PEPE Coin Faces Potential Dip With Looming Retracement, Analyst Warns

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