Tether’s stablecoin USDT has surpassed $1 billion in circulating supply on The Open Network (TON). Despite challenges to Telegram, which created TON in 2018, TON Foundation now controls the chain and recently partnered with Singapore’s Tada app to allow crypto payments for ride-hailing. USDT is widely used on Telegram’s Mini Apps, contributing to its $118 billion market share out of the $172 billion stablecoin market. Source: The Block
