Telegram adds Tether USDTUSD to its wallet service

Telegram users can now send each other a TetherUSDTUSD, the world's largest stable coin by market cap, within chats in the messaging app.

According to a report by Coindesk, this service was added to Telegram's wallet bot, which increased the app's capacity for buying and selling criptocurrencies.

USDT is an important stable coin in the criptocurrency ecosystem that offers many benefits without price volatility.

It is a crucial element for users who want to keep their funds in the criptocurrency without the risk of swings in value.

The addition of USDT is a significant development for Telegram's service, which already supports Bitcoin BTC USD and Toncoin TON USD in its wallet marketplace.

Why It Matters: Telegram's journey began with the development of the Open Network TON project which was abandoned in 2020 due to legal battles with the U.S. Securities and Exchange Commission SEC. Members of the community formed The TON FoundationTON Foundation and continued to advance the project.

Telegram maintains an interest in the network, as demonstrated by the development of its blockchain-based auction platform, Fragment, in addition to TON last year.