In April 2024, TON launched native USDt on The Open Network. USDt on TON has achieved a circulation of 729.9 million in just five months, making it the fastest growing launch in Tether’s history. This launch represents a significant step towards the mass adoption of Web3 peer-to-peer payments, providing a seamless experience to Telegram’s 950 million users. Continuing on this initial success, TON is excited to announce the launch of a new 5 million Toncoin DeFi incentive program. This new initiative is part of a larger effort to bolster adoption of USDt-TON and drive deeper liquidity for TON’s DeFi ecosystem. Decentralized exchanges STON.fi and DeDust, in addition to liquid staking protocols Tonstakers and Bemo, will lead the way in implementing the new incentive program for the TON community. STON.fi and DeDust provide users access to a wide range of token trading pairs as essential bases for liquidity within the TON ecosystem.