Tether, the world’s largest stablecoin, has reportedly minted $10 million in USDT on the TON blockchain, showcasing potential growth opportunities. This move marks the addition of TON blockchain to the list of 16 networks supporting USDT, including Solana, TRON, and Avalanche.

The issuance of $10 million on the TON blockchain was revealed in Tether’s transparency report, although no official announcement has been made by the company as of now. Following this development, TON’s native token Toncoin saw a significant surge of over 17%, reaching $7.15, according to CoinMarketCap data.

Tether recently announced plans to restructure its operations and expand beyond the stablecoin sector. The company aims to establish four divisions and explore new avenues for growth. This strategic shift aligns with Tether’s vision to diversify its offerings and reach new markets.

As the situation continues to evolve, stay updated for more information on Tether’s integration of USDT on the TON blockchain. This development underscores the growing importance of stablecoins in the cryptocurrency market and highlights Tether’s commitment to innovation and expansion.

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