Binance has integrated Tether’s USDT stablecoin on The Open Network (TON), allowing users to deposit and withdraw USDT directly on this blockchain. This integration is designed to improve liquidity, accelerate transaction speeds, and reduce associated fees.
The initiative comes in anticipation of the forthcoming regulatory changes within the European Economic Area under the Markets in Crypto-Assets Regulation (MiCA), which will impose restrictions on unauthorized stablecoins.
Binance encourages its users to stay informed about these regulatory updates to ensure compliance and smooth operations within the new regulatory framework.
Source: cointelegraph.com
