“Create a seamless cross-chain payment solution” is the goal of the partnership between Tether, the USDT stablecoin, The Open Network (TON), and Oobit.
A straightforward and easy-to-use Tap & Pay interface will be provided by Oobit. The second safeguards the transfer of fiat currency to vendors regardless of whether the payment is made in “stable coins.” Many believe this will lead to more people using cryptocurrency as a payment method.
“Together, we will provide banking solutions for the unbanked and revolutionize the way digital currencies are used, making it easier and more convenient,” stated Paolo Ardoino, CEO of Tether.
As this is being written, TON is trading at approximately $6.78. The asset’s $23.3 billion market cap places it ninth on CoinGecko’s valuation scale. In April, the “stable coin” issuer announced that they would be adding support for The Open Network blockchain.
There have been a total of 238.5 million USDT based on TON released to the market, according to data on the Tether website.