TON Foundation continues its expansion with the announcement of a new partnership with Crypto.com, opening new opportunities for TON ecosystem users.
New Partnership Between TON Foundation and Crypto.com
The TON Foundation, previously known as the Telegram project, has announced a partnership with Crypto.com for access to professional-grade custody solutions. This partnership allows users to stake TON tokens and receive rewards, supported by secure capital storage.
Benefits for Clients and the Ecosystem
The collaboration will also provide clients access to Jettons—fungible tokens designed for use within the TON ecosystem, including applications in DeFi and games. Support for USDT will also be available, along with any future stablecoins that may be issued on the TON network.
Overview of TON's Market Status
Currently, the TON token ranks 24th in market capitalization, with a value exceeding $6.8 billion. The news of the partnership did not significantly impact the token price, which stands at around $2.77. This may be partly due to a misunderstanding regarding the UAE 'Golden Visa,' which caused some price drops.
The collaboration between TON Foundation and Crypto.com marks an important step in the development of the TON ecosystem, providing support for new tokens and opportunities for users, despite the current market conditions.
