Telegram messenger users can now send each other the leading stablecoin Tether (usdt) directly in chats. The new option expands the list of cryptocurrencies that can be bought, sold and traded on the messaging app.
Tether has been added to the wallet bot in Telegram Messenger
Support for transactions with US dollar-pegged Tether, the largest stablecoin, has been introduced in Telegram, the most popular messaging service in the crypto space.
USDT has been integrated into the Telegram Wallet bot, allowing users to buy, sell, trade, and transfer Tether to each other for free.
“We’re excited to announce the long-awaited integration of USDT with @wallet, making sending stablecoins as easy as sharing a photo,” the wallet service said in a Telegram post.
You can top up your Tether balance from the bot’s main menu, using an external USDT wallet, and also buy the stablecoin with a bank card or on Telegram’s peer-to-peer (P2P) market. @wallet only accepts transfers from the TRC-20 network, the announcement said.
The wallet UI has been updated. All crypto assets can be seen on the homepage and users can choose which coins they want to view under “Settings”. Purchase options are available in the Market section.
The messenger’s P2P marketplace has also been updated to allow users to buy and sell stablecoins directly in the bot by selecting one of the available offers. An “Exchange” feature has appeared on the main page, which allows you to trade USDT and TON.
Toncoin (TON), which can also be sent in chats, and Bitcoin (BTC), the crypto with the largest market cap, were added to the unofficial @wallet bot in April 2022.
The Telegram Open Network (TON) blockchain was launched in 2018. However, in 2020, Telegram withdrew from the project due to a legal battle with the US Securities and Exchange Commission (SEC).
Further support for the TON network has come from members of the TON Foundation community, who have continued its development, RBC Crypto noted in a report.
Although Telegram is not directly involved in expanding the TON ecosystem, it remains involved. Last year, the messenger launched a blockchain platform called Fragment, which facilitates the buying and selling of collectible usernames using Toncoin.
Do you expect more cryptocurrencies to be added to the @wallet Telegram bot? Tell us in the comment section below.
photo credit: Shutterstock, Pixabay, Wiki Commons, Jimmy Tudeschi / Shutterstock.com
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