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In-Chat Tether Transfers Introduced in Telegram Skip to main content

In-Chat Tether Transfers Introduced in Telegram

In-chat Tether Transfers Introduced in Telegram

Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app.

Tether Added to Wallet Bot in Telegram Messenger

Support for transactions with the U.S. dollar-pegged tether, the largest stablecoin, has been introduced in Telegram, the most popular messaging service in the crypto space.

USDT has been integrated in the Telegram Wallet bot, allowing users to buy, sell, exchange as well as transfer tether free of charge between each other.

“We’re excited to announce the long-awaited integration of USDT into @wallet, making sending stablecoins as easy as sharing a photo,” the wallet service said in a Telegram post.

You can replenish your tether balance through the bot’s main menu, using an external USDT wallet and also by purchasing the stablecoin with a bank card or on Telegram’s peer-to-peer (P2P) market. @wallet only accepts transfers from the TRC-20 network, the announcement remarked.

The wallet’s interface has been updated. All crypto assets can be seen on the start page and users can choose which coins they want displayed from ‘Settings’. Purchase options are available in the ‘Market’ section.

The messenger’s P2P marketplace has been refreshed as well to allow users to buy and sell stablecoins directly in the bot by selecting one of the available offers. An ‘Exchange’ feature has appeared on the main page letting you to trade USDT and TON.

Toncoin (TON), which can also be sent in chats, and bitcoin (BTC), the crypto with the largest market cap, were added to the unofficial @wallet bot in April, 2022.

The Telegram Open Network (TON) blockchain was launched in 2018. However, in 2020, Telegram pulled out of the project due to litigation with the U.S. Securities and Exchange Commission (SEC).

Further support for the TON network was provided by members of the TON Foundation community who continued its development, RBC Crypto noted in a report.

While Telegram is not directly engaged with the expansion of the TON ecosystem, it remains involved. Last year, the messenger launched a blockchain platform called Fragment facilitating the purchase and sale of collectible usernames with toncoin.

Do you expect other cryptocurrencies to be added to the @wallet Telegram bot? Tell us in the comments section below.

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