Telegram is poised to integrate mini-apps and Tether Stablecoin into its platform, offering its vast user base of 900 million seamless peer-to-peer interaction. This move not only enhances user experience but also introduces many individuals to cryptocurrency for the first time, subtly integrating digital assets into their daily interactions.
Speaking at the Token2049 conference in Dubai, Justin Hyun, investment director of the TON Foundation, highlighted the benefits for developers. With the integration of stablecoins like Tether, developers can smoothly launch electronic tokens on TON's layer 1 blockchain, facilitating commerce, paid content, gaming, and other commercial activities. Additionally, Telegram continues to introduce TON-based wallets to its users.
Hyun emphasized that Tether's integration on TON unlocks the creator economy within Telegram, eliminating the barrier of acquiring different cryptocurrencies or tokens. He pointed out the intriguing potential of social viral mechanics, particularly in games powered by Telegram mini-apps. These mini-apps allow users to engage without the need for external downloads, providing a seamless experience.
The adoption of TON and Tether has seen notable success stories, such as the Catizen games, which experienced a significant user influx after migrating to TON. Hyun compared this to the challenges faced by regional social media platforms like WeChat, Line, and KakaoTalk, highlighting TON's global reach and its potential to become a super app.
Moreover, Tether's integration enables Telegram to bypass payment restrictions imposed by major app stores like Google and Apple. Hyun explained that the TON project had to adjust its strategy after facing opposition from regulatory bodies like the U.S. Securities and Exchange Commission, leading to the establishment of the TON Foundation in 2021 under the stewardship of open-source developers.
