The TON (The Open Network) blockchain has emerged as a major player in the stablecoin ecosystem, recently achieving a significant milestone: $180 million in authorized USDT issuance. According to Tether’s official transparency dashboard, this volume officially positions TON as the sixth-largest blockchain by USDT issuance, surpassing both Cosmos and Near Protocol.
This development highlights the growing adoption and infrastructure maturity of the TON network, which has seen rapid expansion in decentralized applications (dApps), user activity, and ecosystem partnerships over the past year. With stablecoins serving as a critical bridge between traditional finance and digital assets, TON’s rising prominence signals increased confidence from users, developers, and financial institutions alike.
The Rise of USDT on TON
USDT, or Tether, is the world’s most widely used stablecoin, pegged 1:1 to the U.S. dollar. Its presence across multiple blockchains enables fast, low-cost, and scalable transactions—especially valuable in high-throughput networks like TON.
The $180 million issuance on TON reflects not just speculative interest but real utility. Users are increasingly leveraging USDT for peer-to-peer payments, cross-border remittances, DeFi trading, and micropayments within Telegram-integrated apps—a key driver behind TON’s momentum.
Compared to other leading chains, TON's growth trajectory stands out due to its tight integration with Telegram, one of the world’s most popular messaging platforms with over 800 million users. This synergy allows seamless onboarding of non-crypto-native users into Web3 services using familiar interfaces.
Where TON Stands in the Global USDT Landscape
As of mid-2025, the ranking of blockchains by total USDT issuance is as follows:
- Tron (TRON) – Dominates with the highest circulating supply of USDT, thanks to its high-speed, low-fee architecture ideal for stablecoin transfers.
- Ethereum (ETH) – The original smart contract platform remains a cornerstone for institutional-grade USDT usage.
- Solana (SOL) – Known for speed and scalability, Solana has become a favorite among retail traders and DeFi platforms.
- Avalanche (AVAX) – Offers sub-second finality and strong interoperability, attracting enterprise-grade applications.
- Omni – The original layer-1 protocol where USDT was first launched; still maintains legacy significance.
- TON – Now firmly in sixth place, demonstrating explosive growth in just a few years.
This ranking underscores a broader trend: the decentralization of stablecoin issuance across multiple high-performance chains tailored to different use cases.
Why TON Is Gaining Momentum
Several factors contribute to TON’s accelerating adoption:
- Native Integration with Telegram: Millions of users can access TON-based wallets and services directly through Telegram mini-apps without downloading additional software.
- Low Transaction Fees: Near-zero gas fees make microtransactions feasible—ideal for gaming, tipping, and everyday payments.
- High Throughput: TON supports thousands of transactions per second (TPS), far exceeding Ethereum’s base layer capacity.
- Growing DeFi and NFT Ecosystems: Projects like STON.fi, EVAA Protocol, and TonAnons are building robust financial and cultural infrastructure on TON.
Moreover, the network benefits from strong community support and ongoing development funded by both private investors and open-source contributors.
👉 Explore how next-generation blockchains are enabling frictionless digital economies.
Core Keywords Driving Visibility
To align with search intent and improve discoverability, the following keywords have been naturally integrated throughout this article:
- USDT on TON
- TON blockchain
- Tether issuance
- stablecoin adoption
- Telegram crypto
- blockchain ranking
- decentralized finance
- digital payments
These terms reflect high-volume queries from users seeking insights into TON’s technological capabilities, investment potential, and real-world utility.
Frequently Asked Questions (FAQ)
What does "authorized issuance" mean for USDT on TON?
Authorized issuance refers to the amount of USDT that Tether Ltd. has officially approved to be minted on the TON blockchain. It indicates trust in the network’s security and compliance standards.
How does TON compare to Ethereum in terms of USDT usage?
While Ethereum still leads in total value locked and institutional usage, TON excels in speed and cost-efficiency. For everyday transactions and consumer-facing apps, TON offers a smoother user experience.
Can I send USDT from Ethereum to TON directly?
No. Transferring USDT between blockchains requires a bridge or exchange service. You must burn USDT on one chain and mint it on another via a supported cross-chain protocol.
Is USDT on TON backed the same way as on other chains?
Yes. All USDT tokens, regardless of the blockchain they’re issued on, are backed by Tether’s reserves and subject to the same audit and transparency processes.
Why is Telegram important for TON’s success?
Telegram serves as a massive distribution channel. With built-in wallet support and frictionless app integration, it lowers entry barriers for billions of potential users worldwide.
Will TON rise in the USDT issuance rankings?
Given current growth trends and Telegram’s global reach, many analysts believe TON could enter the top five within 12–18 months, potentially overtaking Avalanche or even Solana under sustained adoption.
Looking Ahead: The Future of Stablecoins on High-Growth Chains
As blockchain technology matures, the demand for reliable, scalable, and accessible digital dollars continues to grow. Networks like TON exemplify how purpose-built infrastructure—combined with mass-market access points—can drive mainstream adoption.
With $180 million in USDT already circulating, TON is no longer just an experimental platform but a functional financial layer for millions. As more developers build payment systems, lending protocols, and social finance tools on TON, this figure is expected to rise significantly throughout 2025 and beyond.
The convergence of messaging, identity, and finance within a single ecosystem could redefine how people interact with money—making digital ownership intuitive, instant, and borderless.
👉 Stay ahead of the curve by exploring innovative blockchain ecosystems transforming global finance.
Final Thoughts
TON’s ascent to sixth place in USDT issuance marks a pivotal moment in its evolution. Backed by robust technology, strategic integration with Telegram, and growing ecosystem momentum, TON is well-positioned to become a dominant force in decentralized finance and digital payments.
For users, investors, and builders alike, now is an opportune time to understand and engage with this rapidly expanding network. As stablecoins continue to bridge traditional and digital economies, platforms like TON will play an increasingly central role in shaping the future of money.