USDT Processing
Tether
Stablecoins are a type of cryptocurrency whose value is 1:1 pegged to another asset, such as a fiat currency or gold, to maintain a stable price. Until recently, there was a jUSDT token, which is a wrapped ERC-20 Ethereum token bridged with bridge.ton.org. But on 18.04.2023 the public launch of native USD₮ token issued by the company Tether was happened. After the launch of USD₮, jUSDT moved to second-priority status but remains in use as an alternative or addition to USD₮ in various services.
In TON Blockchain USD₮ supported as a Jetton Asset.
To integrate Tether’s USD₮ Token on TON Blockchain use the contract address: EQCxE6mUtQJKFnGfaROTKOt1lZbDiiX1kCixRv7Nw2Id_sDs
Advantages of USD₮ on TON
Seamless Telegram integration
USD₮ on TON will be seamlessly integrated into Telegram, offering a uniquely user-friendly experience that positions TON as the most convenient blockchain for USDt transactions. This integration will simplify DeFi for Telegram users, making it more accessible and understandable.
Lower transaction fees
Fees for Ethereum USD₮ transfers are calculated dynamically depending on network load. This is why transactions can become expensive.
transaction_fee = gas_used * gas_price
gas_usedis the amount of gas used during transaction execution.gas_priceis the cost of one unit of gas in Gwei, calculated dynamically.
On the other hand average fee for sending any amount of USD₮ in TON Blockchain is about 0.0145 TON nowadays. Even if the price of TON increases 100 times, transactions will remain ultra-cheap. The core TON development team has optimized Tether’s smart contract to make it three times cheaper than any other Jetton.
Faster and scalable
TON’s high throughput and rapid confirmation times enable USD₮ transactions to be processed more quickly than ever before.
Advanced Details
In TON Blockchain Jettons can be created with duplicate names. Technically, it will not differ in any way from the real USD₮ but it will have no value because of no security. You can verify legitimacy and check for fraud only by confirming the Jetton Master address.
See important recommendations.