Tether USDT Surpasses $500M Circulation, $580M Growth on TON Blockchain

Tether's USDT has experienced rapid growth on the Telegram-linked TON blockchain, with net circulation surpassing $500 million in less than two months. This marks the fastest growth in Tether's history. The total value locked on the TON blockchain has increased over 4,600% since the start of the year, reaching $671.43 million. Additionally, Tether on TON has seen a 75.7% growth rate over the past 30 days, making it one of the top three stablecoins in terms of supply growth. Tether USDT saw a $580 million growth on TON.