Kiffmeister’s #Fintech Daily Digest (20240420)

Tether launches USDT on TON Network, Telegram Wallet

Tether’s US dollar-pegged USDT and gold-pegged XAUT stablecoins have launched on The Open Network (TON), facilitating peer-to-peer (P2P) cross-border payments via Telegram’s Wallet app among over 900 million global users. TON is a blockchain network that Telegram started to develop in 2018, but they open-sourced it in 2020 after the U.S. Securities and Exchange Commission (SEC) charged the firm with violating federal securities laws. [Read more at Tether]

Kiffmeister’s central bank digital currency monthly monitor

Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.