April 29 Tether (USDt) on TON deposits and withdrawals available on Bitfinex
ROAD TOWN, British Virgin Islands – April 29, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that customers can now deposit and withdraw their Tether tokens (USDt) to the Open Network (TON) on Bitfinex. This means they will no longer need to rely on third-party external wallets to use USDt on TON and can simply use their Bitfinex accounts.
Telegram unveiled the Open Network (TON) in 2018 as a decentralized counterpart to the traditional Internet, leveraging blockchain technology. TON not only provides crucial services such as decentralized storage and payments for decentralized applications (dApps), but also seamlessly integrates with Telegram. The TON ecosystem includes decentralized exchange and staking tools, as well as domain names and multifunctional wallets. It is designed to enable billions of fast, inexpensive and energy-efficient transactions.
Bitfinex streamlines the activation of destination addresses seamlessly, eliminating any additional steps. To initiate USDt transfers on TON, customers simply need to specify their withdrawal addresses.
Tether's USDt is the market's first and most widely used stablecoin, with CoinGecko declaring a market capitalization of over $109 billion.
“The Open Network has generated a lot of excitement in the cryptocurrency community, and its recent announcement that it is now offering USDt on its blockchain promises that the buzz around this innovative project will continue. We are excited that Bitfinex customers will have seamless access to transferring USDt through this bottom-up network,” said Henry Child, Head of Tokens at Bitfinex.
Following this latest integration, Bitfinex customers can now deposit USD on 18 blockchains and withdraw USD on 15 blockchains*. This includes Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Polygon zkEVM, Tezos, Tron, Solana, Polkadot, Kusama, the Near Network, Kava, Celo and now , The Open Network.
* Withdrawals of USDt on the Kusama, Bitcoin Cash SLP and Omni Layer blockchains are no longer supported as of 01/09/2023. See the full ad here.
To learn more, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to the Bitfinex Terms of Service (“TOS”). Please note that U.S. Persons (as defined in the TOS), among other Prohibited Persons (as defined in the TOS), are strictly prohibited from directly or indirectly owning, owning, or operating an Account (as defined in the TOS) on www.bitfinex. .com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering industry-leading services to global traders and liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC marketplace, and margin trading for a wide selection of digital tokens. Bitfinex's strategy focuses on providing unprecedented support, tools and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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