USDT Reaches $1 Billion Authorized Issuance on TON

Tether’s USDT, the number one stablecoin by market cap, is growing as part of the $TON ecosystem. According to the $TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $1 billion. However, $TON clarified that only $720.6 million was in circulation, while $309.3 million were authorized but unissued. Nonetheless, this marks a significant growth for the stablecoin on the chain, which was first launched in April and hit a supply of over $130 million in just two weeks.