Tether to Launch Its Dirham-Pegged Stablecoin on TON Blockchain

Tether is launching its Dirham-pegged stablecoin on TON Blockchain, according to Alessandro Giori, senior strategic partnership manager at Tether. Tether reports the global market for stablecoins is currently valued at $150 billion, with USDT alone having a market cap of more than $115 billion, and projections see this industry’s potential growth to $2.8 trillion by 2028. ether’s focus is mainly on the emerging markets regions such as Turkey, Argentina, and Brazil, where high inflation drives people to save in stablecoin currencies like USDT. 

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