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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 from the 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 launching USD₮, the jUSDT has moved to the second priority token but is still used in services as an alternative or addition to USD₮.

In TON Blockchain USD₮ supported as a Jetton Asset.

info

To integrate Tether’s USD₮ Token on TON Blockchain use the contract address: EQCxE6mUtQJKFnGfaROTKOt1lZbDiiX1kCixRv7Nw2Id_sDs

Assets SDK Jetton Processing TMA USDT payments demo

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​

Fee consumed by Ethereum USD₮ transfer is calculated dynamically depending on the network load. That's why transaction can cost a lot.

transaction_fee = gas_used * gas_price
  • gas_used is the amount of gas was used during transaction execution.
  • gas_price price on 1 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 TON price 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​

IMPORTANT

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 check it for fraud only by checking Jetton Master address.

See important recommendations.

See Also​