Binance Integrates Tether (USDT) on the TON Blockchain Ahead of MiCA Regulations

Binance has successfully integrated Tether USDT/USD on The Open Network TON/USD, providing users with increased flexibility for stablecoin transactions.

Binance has integrated Tether (USDT) on The Open Network (TON), enabling users to efficiently deposit and withdraw USDT on the TON blockchain. This move is part of a broader strategy to expand the utilization of various blockchains and enhance the user experience.

The integration provides several key benefits. It allows Binance users to seamlessly move their stablecoin liquidity onto the TON blockchain with greater speed and at a lower cost.

Additionally, it offers a more cost-effective method for managing USDT transactions. To ensure proper handling of token deposits, users are advised to verify their assigned token deposit addresses and the smart contract address on TON through the links provided in Binance's official announcement.

This development also comes ahead of anticipated regulatory changes in the European Economic Area (EEA). The upcoming Markets in Crypto-Assets Regulation (MiCA) will impose restrictions on unauthorized stablecoins like USDT.

Binance has urged users to stay informed about these regulatory changes to ensure compliance and avoid potential disruptions to their crypto activities.

In light of MiCA regulations, the cryptocurrency exchange Uphold has recently announced it will delist USDT and five other stablecoins by July 1. The affected stablecoins include Dai (DAI), Frax Protocol (FRAX), Gemini dollar (GUSD), Pax dollar (USDP) and TrueUSD (TUSD).

In related news, Telegram founder Pavel Durov is planning to utilize the TON blockchain to tokenize stickers and emojis on the popular social media platform.

Speaking at Token2049 in Dubai, Durov highlighted the importance of privacy and freedom, which are core principles of blockchain technology.

Durov shared his ambitions to integrate Telegram functionalities with The Open Network, including USDT integration and ad revenue-sharing options. These initiatives aim to enhance the platform's capabilities and user experience.

As Binance continues its efforts to expand blockchain utilization, the cryptocurrency community is preparing for Benzinga’s Future of Digital Assets event on Nov. 19. This event will serve as a platform for industry leaders to discuss regulatory changes, technological advancements, and the evolving landscape of digital finance.

News source：https://www.kdj.com/cryptocurrencies-news/articles/binance-integrates-tether-usdt-ton-blockchain-ahead-mica-regulations.html

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