Cryptoverse: TON takes off on Telegram tie-up

A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app’s estimated 900 million users.

Telegram endorsed TON in September last year, saying the blockchain and associated token would be its “official Web3 infrastructure”. Earlier this month, TON said that Tether tokens could also be issued on its blockchain, allowing Telegram users to send the stablecoin to each other within the app.