TON Blockchain and USDT: a decentralized blockchain platform from Telegram with low fees

Stablecoins are cryptocurrencies whose value is pegged to real money, such as the dollar. They allow for quick and convenient money transfers to other people without banks and extra fees. These transfers take place on the blockchain - a technology that stores transaction information and makes them transparent and secure. Stablecoins are also being implemented on the TON blockchain.

More and more stablecoins are being integrated into the TON blockchain - a platform developed by the Telegram team. It stands out for its high speed, low fees, and user-friendly interface, especially for those already using the messenger. These qualities make the network one of the most promising solutions for digital currencies.

What is the TON Blockchain and Its Features

The Open Network, or TON, is a decentralized blockchain platform for fast and cheap crypto transfers. The project was created by the Telegram team, which is why it is often referred to as "Telegram's TON blockchain." It now exists independently of the messenger - it is being developed by a team of enthusiasts under the new name TON Foundation.

The main goal of the TON blockchain is to simplify the use of cryptocurrencies in everyday life. It is designed for millions of users and can process up to 100,000 transactions per second thanks to dynamic sharding. Fees start from $0.001, and cryptocurrency transfers have a delay of 1-2 seconds, even under high platform load.

TON supports smart contracts, NFTs, DeFi, and other Web3 tools. Users can interact with the blockchain directly through Telegram, which is used by over 900 million people worldwide. All of this makes the blockchain platform convenient and accessible - especially for launching stablecoins.

Why USDT Chose TON for Stablecoins

USDT is the largest stablecoin in the cryptocurrency market, and the choice of blockchain directly impacts its speed, cost, and ease of use. For many years, USDT has been present on blockchains like Tron, BNB Smart Chain, and Ethereum, and since 2024, it has also been integrated into the TON network. The choice is not random: the project offers exactly what is important for mass adoption - instant transfers, minimal fees, and native integration with Telegram.

Unlike congested networks with high fees, the TON blockchain platform ensures fast transactions even with a large number of users. Tests have shown that transactions on the network are faster than in the Visa payment system. This is crucial for USDT, as the token is often used for service payments or international transfers.

TON eliminates traditional barriers to using cryptocurrencies: there is no need to set up third-party wallets, track transactions in the mempool, or pay $10 in fees for a single transaction. Everything can be done in a few clicks - making stablecoins easily integrated into the ecosystem.

Advantages of USDT on TON - Low Fees

One of the main reasons why USDT is transitioning to TON is the low transaction costs. While on Ethereum or Tron, the fee for a transfer can reach several dollars, on the TON blockchain, the fee starts at $0.001. This difference is especially important for micropayments and P2P exchanges, where the fee could exceed the transaction amount.

Additionally, the on-chain fee for USDT on TON is fixed and does not depend on network congestion. This provides predictability in calculations and makes TON convenient for users who want to know exactly how much they will spend. For USDT, this is critical: the lower the fee, the wider the possibilities for everyday use.

Example calculation of the fee for sending on the Tron network - for one transfer, the sender may pay around $8 during average network load.

High Transaction Speed of USDT on TON

The decentralized TON blockchain platform not only ensures low fees but also high transaction speed. The average confirmation time for a USDT transfer on the network is 1-2 seconds, comparable to instant bank transfers. This is particularly important for exchange operations and user transactions, where delays of several minutes, as in other blockchains, can be critical.

TON uses dynamic sharding, a mechanism that allows the network to automatically scale as the load increases. This enables achieving a throughput of up to 100,000 transactions per second (TPS) without compromising stability. For USDT users, this means confidence that transfers will be processed quickly even with a high number of operations on the network.

Users can independently verify transaction speeds through the TON blockchain explorer. Here are some comparison data:

Ethereum: 15-30 TPS (Mainnet), up to 1000 TPS on L2 (Arbitrum, Optimism).
TRON: ~2000 TPS, but with network congestion risks.
Solana: up to 65,000 TPS, but with frequent network failures.
BNB Chain: ~2000 TPS, but centralization reduces reliability.

Confirmation time for USDT on TON is less than 2-5 seconds. This allows sending USDT instantly in chats, unlike ERC-20 (5-15 minutes) or TRC-20 (3-60 seconds).

Use NadoSwap to monitor transaction speed and cost in any blockchain. With the screener, you can choose the network that best suits your needs.

TON Blockchain vs Other Stablecoins

Many stablecoins operate across multiple blockchains - from Ethereum and Tron to BNB Chain and Solana. Each offers its own balance of speed, transaction costs, and convenience. However, the TON blockchain platform stands out from competitors due to a combination of technical advantages and user accessibility.

Comparison of TON and Ethereum for USDT

Ethereum is a popular platform for stablecoins, as its blockchain is very flexible and allows for easy token deployment. Therefore, for USDT, the Ethereum network became the second platform where the token appeared after the Bitcoin blockchain. When it comes to network accessibility, TON and Ethereum are often compared, but there are key differences in stablecoin usage:

Fees on the Ethereum Mainnet are dynamic. They change depending on network load. The more users transfer cryptocurrency simultaneously, the higher the fee for each individual transaction. This makes the network less attractive for small and medium transfers.
On the TON network, fees are fixed. For USDT transfers within the network, the fee is only $1, and for transfers from Tron - $3.5 per transaction. Such low fees allow for the use of stablecoins for purchases and daily transfers.
The Ethereum network processes an average of 15-30 transactions per second, and confirmation can take from a few seconds to several minutes depending on network load. Waiting is required for the transfer to reach the recipient.
In TON, transactions occur almost instantly - confirmation usually takes no more than a few seconds, making the use of USDT convenient for quick transfers.
Ethereum has wide integration with ecosystems. Ethereum is supported on almost all major exchanges, wallets, and protocols. This makes USDT on Ethereum highly liquid and versatile.
TON is based on its own ecosystem. USDT on TON has already been listed on major exchanges, but has not yet gained widespread adoption. However, tokens can be converted directly within Telegram, on the internal marketplace.