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Wallet in Telegram, a cryptocurrency solution integrated into the Telegram messaging application, has announced Bitcoin, Ethereum, and $USDT for its users.
According to The Block, Wallet in Telegram has announced that it has begun offering users the opportunity to earn on-chain returns on Bitcoin ($BTC), Ethereum ($ETH), and $USDT assets.
This feature will be available through the $TON Wallet solution, which is integrated into the Wallet application on Telegram and features self-storage capabilities.
It was stated that DeFi-focused platforms such as Morpho, TAC, and Re7 also provided technical support during the integration process.
Users can earn interest by depositing their crypto assets through the newly introduced “Vaults” system.
Among the current $USDT strategies, the highest yield option is achieved with Re7’s DeFi strategy, which offers a compound annual yield (APY) of up to 18%.
In addition, $ETH and $BTC vaults have been activated. This means that yield generation has been enabled for both of the market’s largest cryptocurrencies.
Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, stated: “With Vaults in $TON Wallet, we are bridging the gap between advanced DeFi protocols and hundreds of millions of users. Direct access to self-custodial vault strategies for $ETH, $BTC, and $USDT within the $TON ecosystem is a major step toward making decentralized finance truly universal.”
*This is not investment advice.
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cointelegraph.com