- TON’s blockchain assets increased 1,400% this year to exceed $1 billion, driven by the company’s partnership with the massively popular crypto app Telegram.
- TON has collaborated with Tether to provide more payment options and is now implementing stronger KYC/AML procedures after overcoming previous SEC inspection.
- With an eye on becoming a possible “super-app,” TON wants to gain a sizable portion of Telegram’s user base by 2028.
Despite recent market volatility, The Open Network (TON), connected to the cryptocurrency super app Telegram, has proven to be a notable performer in the area this year.
TON has implemented more stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which are a response to increased regulatory demands within the cryptocurrency industry. This comprises different user information requirements for each tier of KYC categories based on transaction volume.
TON is growing into payment solutions, particularly through collaborations like April’s integration with Tether (USDT), which has led to over $550 million in USDT usage on TON, despite its primary focus being on gaming and decentralized finance.
By 2028, stakeholders predict that TON will have a sizable share of the users of the cryptocurrency super app Telegram.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
