Tether’s Senior Strategic Partnership Manager, Alessandro Giori, made an important announcement at the TON Gateway event in Dubai. He revealed that the Dirham-backed USDT, a stablecoin tied to the Emirati currency, will soon be integrated into the TON protocol. This marks a significant development for Tether’s operations and enhances the reach of USDT in the Middle Eastern market.
The integration into the TON protocol signifies a strategic move for Tether, potentially boosting the adoption and usage of USDT in the region. The TON protocol, known for its efficient and scalable blockchain technology, could provide a robust platform for USDT transactions.
This expansion aligns with Tether’s aim to grow its influence and offer more localized stablecoin options, meeting the needs of diverse markets. Dubai, as a global financial hub, offers an ideal environment for such advancements.
