Tether’s USDT, the world’s largest stablecoin, has just joined the list of cryptos supported by Telegram’s Wallet bot. This means that users can now send their stablecoins directly from chats, providing a quick and easy transfer experience.
It is now possible to transfer USDT on Telegram
On Wednesday, March 22, CoinDesk gained access to an emailed announcement, which reveals that Tether’s stablecoin, USDT, has been added to Telegram’s Wallet bot. This new feature grants users the ability to send USDT through the app’s chat rooms.
Thus, Tether’s stablecoin, finally joins the queen of cryptocurrencies, Bitcoin (BTC), which has been present in the bot wallet since April 2022. USDT will also be accompanied by TON, the native token of Telegram’s blockchain.
By including USDT in the bot wallet, Telegram is strengthening its influence in the crypto sector. This inclusion of Tether’s stablecoin is meant to boost its usage among the messaging app’s more than 700 million active users.
It is crucial to note that sending crypto assets via Telegram simplifies the transfer procedures considerably. The transfer is as easy as sending a photo or a text. This is especially convenient, even for crypto novices.
Telegram, a complicated history in crypto
Telegram began its journey in the cryptocurrency ecosystem over four years ago. Back in 2018, its two founders, Parel Durov and Nikolai Durov, ventured into the world of blockchain and cryptocurrencies.
However, before the project’s growth in 2020, Telegram was forced to shut down the initiative due to a regulatory crackdown by the U.S. Securities and Exchange Commission (SEC).
Nevertheless, a group of independent developers and Telegram supporters, self-proclaimed The TON Foundation, took the initiative to revive the TON project. Driven by the desire to support the adoption of cryptocurrencies in the Telegram application, this group has continued to advance the project to the point of creating a bot wallet to facilitate the sale and purchase of cryptocurrencies.
The TON project is a testament to a bright future for cryptocurrency adoption. The addition of USDT after Bitcoin is a wise choice, given the popularity and influence of this stablecoin compared to others. However, you should remain vigilant, as scams are commonplace on Telegram! Don’t be fooled and always make sure you connect to a reliable “@wallet” address. If you want to learn more about using the bot wallet, you can always check out our other article on the subject.
As a journalist at Coinpri, I’ve been captivated by the world of bitcoin and blockchain since 2020. The decentralized aspect of Bitcoin particularly piqued my interest. Since then, I’ve been working constantly to spread my knowledge, hoping one day to see a world where everyone fully enjoys their financial freedom.