TON Taps Into USDT Ecosystem with LayerZero Integration

Oh joy, another day, another blockchain trying to be friends with everyone 🤝. The Open Network (TON) has just announced a new integration with LayerZero, because who doesn’t love a good interoperability party 🎉?

So, TON is basically saying, “Hey, let’s connect to at least 100 other chains, including Ethereum, Tron, and Solana, because why not? 🤷‍♀️” And by connect, I mean they’re going to use LayerZero’s messaging protocol to make it all happen.

This integration is a big deal because it’s going to connect TON to the Tether USDt (USDT) ecosystem, which is like the ultimate stablecoin party 🎉. And let’s be real, who doesn’t love a good stablecoin? 🤑

USDT, Ethena, and Stargate: the cool kids’ table

TON’s integration involves some pretty cool kids, including USDT, the synthetic stablecoin Ethena, and the LayerZero-based crosschain bridge protocol Stargate. Because who doesn’t love a good stablecoin-themed party? 🎉

With this integration, users can transfer tokens like USDT from Ethereum, Tron, and other supported networks directly to the TON blockchain. It’s like a big blockchain game of musical chairs, but with tokens 🎶.

The transfer is enabled through the Stargate platform, which provides an entry point for users to bridge their assets. Because who doesn’t love a good bridge? 🌉

“This integration with LayerZero represents the first interoperability protocol to bring major applications like Stargate and Ethena to TON. For us, it marks a major milestone in expanding interoperability and connecting TON to other networks,” said the TON Foundation’s spokesperson. Because who doesn’t love a good milestone? 🎉

Connecting TON to the USDT ecosystem: the ultimate stablecoin party

TON’s not new to crosschain integration, folks. They’ve been bridging their ecosystem across many blockchains, including Bitcoin, because why not? 🤷‍♀️

One example of TON’s crosschain projects is the TON Application Chain (TAC), which acts as a bridge between TON and Ethereum’s developer ecosystems. Because who doesn’t love a good bridge? 🌉

“While previous bridging efforts did link TON to other networks, the integration with LayerZero plays a key role in connecting TON to the USDT ecosystem, making us an integral part of the bridging hub for the largest stablecoin in the space,” said the TON Foundation’s spokesperson. Because who doesn’t love a good stablecoin party? 🎉

“Beyond that, LayerZero’s support for major projects and its seamless integration of USDT0 marks a new phase of growth for TON within the multichain ecosystem.”

TON is the fourth largest network for USDT: a big deal, if you ask me

TON’s integration with LayerZero could allow TON to tap into the massive supply of USDT running on Ethereum and Tron – the two largest networks for USDT. Because who doesn’t love a good supply of stablecoins? 🤑

According to Tether transparency, the net circulating supply of USDT issued on Ethereum and Tron combined amounts to $136 billion, or 96% of all USDT in net circulation. That’s a lot of stablecoins, folks! 🤯

Solana, the third-largest blockchain for USDT, has around $1.8 billion in USDT circulating supply issued on its network since USDT first went live on Solana in March 2021. Because who doesn’t love a good blockchain party? 🎉

After going live on TON in April 2024, USDT has seen rapid growth on the TON blockchain, with TON-based USDT surpassing $1 billion in circulating supply in just five months after launch. Because who doesn’t love a good growth spurt? 🚀

At the time of writing, the TON blockchain is the fourth-largest network for USDT, with circulating TON-based USDT amounting to $1.4 billion. Because who doesn’t love a good ranking? 🏆

2025-02-11 18:14

USDT, Ethena, and Stargate: the cool kids’ table

Connecting TON to the USDT ecosystem: the ultimate stablecoin party

TON is the fourth largest network for USDT: a big deal, if you ask me

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