Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone
The partnership between The Open Network (TON) and Tether has led to a significant increase in the USDT stablecoin, surpassing $1 billion in value within six months, marking a 670% rise from $130 million in May 2024. Analysts attribute this growth to increased investor adoption of TON, positioning it as a key player in the stablecoin market. The popularity of stablecoins is rising globally, with USDT used in 10% of commercial transactions in South Korea. TON's low transaction fees enhance its appeal, with median fees dropping from $0.061 in June 2024 to $0.035 in October 2024. The USDT supply is currently around $120 billion, with predictions of reaching $200 billion during a market rally. TON is expected to expand within the stablecoin ecosystem due to its robust infrastructure and competitive advantages.
