UpdatesMar 26, 2023

Telegram adds the ability to trade Tether (USDT)

The well-known communication application takes another step towards cryptocurrencies

Telegram is one of the most popular messengers in the digital currency community. It is not surprising that its creators want to expand the range of functionality of their product. For this purpose, they decided to implement the stablecoin transfer option from Tether.

Telegram adds USDT stablecoin trading to its @wallet bot application

USDT from Tether is the largest stablecoin in the entire cryptocurrency sector by market capitalization. Now users of Telegram, a messenger popular among the digital currency community, will be able to trade this digital coin.

UDST has already been included in the command program that runs in the @wallet bot application.

– Integration of cryptocurrency payments with messaging apps like Telegram makes sending digital currencies as easy as sending a text or photo. the development of these functionalities should be an extremely positive event for the widespread adoption of cryptocurrencies.

However, this is not the first time that Telegram has integrated with the cryptocurrency sector. In April last year, Bitcoin (BTC) and TonCoin (TON) were added to the @wallet market. The latter coin is a native token that was created by Telegram developers.

On the other hand, @wallet is a Telegram bot, thanks to which users are able to manage their digital currencies, including carrying out and receiving transactions, checking their balances, but also checking transfer history.

The latest announcement regarding the stablecoin market leader may prove crucial in Telegram's adoption of cryptocurrencies. These types of assets have a whole range of advantages when it comes to trading cryptocurrencies due to their fixed exchange rate, which is based on the price of fiat currencies (mainly the US dollar).

These financial tools are a very efficient solution for investors who are investing their funds in the digital finance ecosystem, without any worries about the dynamic volatility of the rates of individual cryptocurrency assets.