Telegram to Allow Tether Stablecoin Payments

Demand for dollar assets ‘huge’ in emerging markets, Yun says
Telegram is looking to go public and become profitable

Paolo Ardoino, chief executive officer of Tether, at the Paris Blockchain Week summit on April 9, 2024. Photographer: Nathan Laine/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Hannah Miller

April 19, 2024 at 1:58 PM UTC

Corrected

April 23, 2024 at 5:46 PM UTC

This article is for subscribers only.

Tether, the issuer of the world’s most used stablecoin, has teamed up with TON Foundation to allow customers to send crypto payments using the popular Telegram encrypted instant messaging service.

“We can create the first real power app that can both serve as a communication system, but also as a bank account,” Tether Chief Executive Officer Paolo Ardoino said Friday during an interview at the Token2049 crypto conference in Dubai.