TON Foundation Designates 11 Million Toncoin to Incentivize USDT Adoption on Its Network

The TON Foundation has unveiled a new incentive scheme in collaboration with Tether, aiming to boost the integration and usage of the USDT stablecoin within its network.



A recently issued statement by the foundation detailed an allocation of 11 million Toncoin (TON) specifically set aside to reward early adopters of USDT on the TON blockchain. This initiative seeks to foster broader adoption of the stablecoin by offering significant incentives for participation.



As part of the integration, the TON network will feature comprehensive on-ramps fully compatible with numerous global fiat currencies at its inception. Additionally, forthcoming features will include integrated off-ramps, allowing for straightforward withdrawals of supported fiat currencies directly into users’ bank accounts or cards.



In a breakdown of the allocation, t


First found on: Cryptonews from Coinatory