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Telegram Launches TON Wallet for Crypto Transactions in the US

The U.S. launch of TON Wallet allows 87 million Telegram users to manage cryptocurrencies seamlessly within the app, enhancing user engagement and DeFi adoption.

TON

Summary

Telegram has officially rolled out its self-custodial TON Wallet for U.S. residents, enabling them to send stablecoins, swap tokens, and manage digital assets directly in the app. This launch follows over 100 million global wallet activations, aiming to provide a frictionless crypto experience while promoting decentralized finance (DeFi) adoption among Telegram's extensive user base.

Terms & Concepts
  • TON Wallet: A self-custody wallet integrated into Telegram, enabling users to control their private keys and manage cryptocurrency transactions.
  • stablecoins: Cryptocurrencies pegged to stable assets, such as the US dollar, to minimize price volatility.
  • self-custody wallet: A type of cryptocurrency wallet where users retain control of their private keys, enhancing security and ownership.