Telegram App Launches USDT In-Chat Conversion Feature And The Result Is Expansion Of Crypto Services, Is Cryptocurrency Cryptocurrency On The Rise?

As the cryptocurrency world continues to expand, the TON blockchain has added a new feature that enables Telegram users to transfer Tether-USDT – the world’s most popular stablecoin – through messaging conversations. (Twitter) by the TON blockchain network. “Imagine being able to buy and sell cryptocurrencies via a messaging app, that is actually possible now,” the team then tweeted a link to the wallet.

Telegram integrates USDT into the @Wallet Bot for ease of access and use

Kirill Malev, Partner at First Stage Lab, the venture capital firm creating the technical ecosystem for the TON blockchain, recently shared exciting news for the TON community via Twitter. Malev announced that the popular instant messaging application Telegram has integrated USDT into the @wallet bot, which will allow users to send stablecoin to friends with the base currency of the TON network. Its capabilities in dealing with digital currencies.

This means that users are now able to select the altcoin USDT within their chat boxes in the Telegram app to transfer funds to their peers directly and in real time, but at the moment Telegram will only support the transfer of USDT on the Tron blockchain (i.e. TRC20-compliant currencies). This is according to what was reported by

Malev added that the wallet also allows users to convert TRC-20-compliant USDT to buy TON, and this new development should, in theory, be good for the sector as a whole. In this context, Maliv said:

“This is a great step forward for cryptocurrency adoption! […] This is not only a major achievement for the TON blockchain community, but also an important step in bridging the gap between cryptocurrencies and regular users. Now we can all easily *show* how crypto works to our savvy friends in the field”.

Malev also mentioned some of the possibilities created by this collaboration between Telegram and USDT, including new and different types of financial transactions, shopping and crowdfunding.

It is said that the Telegram application is used by 700 million active users per month, and expectations indicate that this number will reach more than one billion users by the end of the year – according to Demand Sage – as the number of users increased by 175% since 2018; The app has 55.2 million daily active users as of 2023.
USDT is the world’s largest stablecoin by market capitalization ($78 billion), and the third among all cryptocurrencies after Bitcoin-BTC and Ethereum-ETH, respectively, the mastermind Pavel Durov praised. Behind Telegram – last year’s efforts on the TON blockchain project built on the ruins of his own vision of a global stablecoin, despite his initial rejection of the network idea.

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