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USDT processing

Tether

Apr 18, 2023, the public launch of native USD₮ token issued by the company Tether.

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

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_used is the amount of gas used during transaction execution.
  • gas_price is 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

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 verify legitimacy and check for fraud only by confirming the Jetton Master address.

See important recommendations.

See also

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