Telegram developers once again give users the chance to enjoy an even better app than before. Telegram users can now send and receive USDT, meaning the world’s largest stablecoin by market cap, within chats through the messaging app’s @wallet bot, according to CoinDesk.
The addition of USDT expands Telegram’s cryptocurrency capabilities and could help with mainstream adoption by making crypto payments as easy as sending a text or photograph. USDT is a stablecoin that offers many of the benefits of other cryptocurrencies without the price volatility that can be a risk. While Telegram’s previous blockchain project, TON, was abandoned in 2020 due to legal battles with the SEC, the company has maintained an interest in the network through its blockchain-based auction platform, Fragment.
One of the remarkable features of USDT is its stability. USDT is pegged to the US dollar, meaning that its value remains relatively constant, with minor fluctuations based on the dollar’s value. This makes USDT an attractive cryptocurrency option for users who wish to keep their money within the crypto ecosystem without risking it occurring on the receiving end of any sharp balancings in value that are common with other cryptocurrencies like Bitcoin and Ethereum. Additionally, USDT’s stability has made it a popular choice for traders and investors who wish to hedge against market volatility.
Telegram has undergone significant improvements in recent years, introducing a range of new features and updates. One of the most notable changes was the introduction of voice and video calling in 2020, which allows users to make secure and encrypted calls with their contacts.
The platform also added group video calling and screen sharing in 2021, enabling users to connect with multiple contacts simultaneously and share their screen during a call. Additionally, Telegram has improved its media editing tools, offering enhanced photo and video editing capabilities.