Tether Gold presyoXAUt

$TON The Open Network offers several distinct advantages that set it apart from other blockchains. Primarily, TON is built for speed and scalability, capable of handling millions of transactions per second without compromising security. This makes it an ideal platform for a wide range of applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and more. The TON ecosystem is home to over 650 dApps across DeFi, NFTs, gaming, and memecoins, offering a highly scalable and efficient platform for developers and users. One of the standout features of TON is its integration with Telegram, providing seamless access to blockchain functionalities within the popular messaging app. This integration not only facilitates easier user adoption but also allows for unique applications like instant, commission-free crypto transfers among Telegram users. In addition, since March 2024, Telegram has been leveraging the TON blockchain and Toncoin to distribute 50% of its ad revenues among channel owners. $TON Furthermore, TON's architecture supports the creation and exchange of both fungible and non-fungible digital assets, which has already led to the minting of over a million NFTs on the network. Whether you're looking to develop sophisticated financial applications or engage in the burgeoning world of digital collectibles, TON provides the infrastructure and speed required to bring your projects to life efficiently and effectively. Tether has teamed up with the TON Foundation to release $60 million of USDT on The Open Network (TON) blockchain in April 2024, elevating TON to the 11th position among the 16 blockchains supporting Tether. This partnership also unveiled the gold-pegged Tether Gold (XAUT) stablecoin on TON, promoting cross-border payments as seamless, immediate, and as effortless as sending a direct message on Telegram to its expansive user base of 900 million.$TON

Tether has announced its plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). The development of this stablecoin will involve a partnership with Phoenix Group PLC, a technology company based in the UAE, and will also be supported by Green Acorn Investments Ltd. The Dirham-pegged token will expand Tether’s current range of stablecoins, which includes USDt, EURT, CNHT, MXNT, XAUT, and aUSDT.  Tether intends to seek licensing for this stablecoin under the UAE Central Bank’s newly introduced Payment Token Services Regulation. This stablecoin will represent the value of the UAE Dirham and will be backed by liquid reserves held within the UAE.  Tether has indicated that the token will adhere to its existing reserve and transparency practices to maintain stability by directly linking the token’s value to the AED. The Dirham-pegged stablecoin is intended to facilitate international trade and remittances by offering a cost-effective method of transacting in AED.  It is also expected to help reduce transaction fees and potentially provide protection against currency fluctuations. Tether's CEO, Paolo Ardoino, commented on the significance of this move, highlighting the economic growth of the UAE.  The company views this stablecoin as a potential tool for businesses and individuals involved in cross-border payments, trading, or digital asset diversification. The global market for stablecoins is currently valued at approximately $150 billion, with Tether’s USDt comprising more than $115 billion of this market. Projections indicate that the industry could grow to $2.8 trillion by 2028.  In the UAE, Bitcoin and cryptocurrency adoption has been increasing, driven by the establishment of the Virtual Asset Regulatory Authority, a regulatory body focused on Bitcoin and crypto assets.  This framework has positioned cities like Dubai and Abu Dhabi as significant players in the global digital asset sectors. Seyedmohammad Alizadehfard, Co-Founder and Group CEO of Phoenix Group, expressed a positive outlook on the collaboration with Tether, noting the potential benefits for the digital economy in the region.  He also pointed to Abu Dhabi’s regulatory environment as a conducive setting for the launch of this stablecoin.