Tether USDT now available on Telegram

Messaging app Telegram adds USDT as its third cryptocurrency.

Telegram users will now be able to send Tether (USDT) – the world’s third largest cryptocurrency – within chats in the messaging app.

USDT becomes the third cryptocurrency to be added to the messaging app’s wallet bot following the addition of Bitcoin and Toncoin in April last year.

The wallet developers announced: “You can now buy, swap, and make P2P trades with Tether USDT (TRC20). You can also directly send USDT to your friends with no transaction fees.”

While USDT runs on a number of different blockchains, Telegram will only support the asset on Tron—TRC20 for this moment.

According to CoinGecko, Tether’s USDT changes hands more than any other digital asset, its current 24-hour trading volume stands at over $45bn.

The token can be used to turn any cryptocurrency into dollars, euros or yen and then be cashed out into a traditional bank account.

Telegram's first moves into crypto didn’t go smoothly when they launched Toncoin back in 2018 having to face numerous scammers and fake twitter accounts.

The project was then abandoned in 2020 when the US Securities and Exchange Commission deemed the coin illegal.

The project was handed over to the TON Foundation and relaunched last year.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.

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