There are 316 million USDT in circulation on the TON blockchain, which will support the transition from jUSDT to native USDT
TON posted on the X platform stating that TON supports transitioning from jUSDT to native USDT on-chain, and so far, 316 million USDT have been circulating on the TON blockchain. Some important updates regarding jUSDT and USDT-TON include: minting of new jUSDT will stop on June 10, 2024; percentage fees for all outgoing jUSDT transactions on the TON Bridge have been cancelled; as long as there are jUSDT holders, outgoing transactions will still be supported; The TON Foundation will soon add more liquidity to the jUSDT/USDt pool on DEX; The era of native cross-chain bridge for USDT is coming soon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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