The messaging giant adds USDT to its Wallet Bot, enabling peer-to-peer transfers within the app.
In a significant move for the crypto community, Telegram has announced that users can now send USDT, the world’s largest stablecoin by market cap, to one another within the messaging app. The announcement marks another step toward increased adoption of cryptocurrency in everyday transactions and communication.
The integration of USDT into the Wallet Bot on Telegram enables users to transfer the stablecoin to their app’s internal wallets via chats. Additionally, users can buy and sell USDT through a peer-to-peer (P2P) service available within the platform. The P2P transactions come with no commission for buyers, while sellers will be charged a 0.9% fee.
In April last year, Telegram added Bitcoin and Toncoin to the Wallet Bot’s marketplace, with Toncoin also enabled for in-chat transfers. The addition of USDT to the platform is expected to make transactions even more seamless and convenient for users.
To take advantage of this new feature, users must first opt in through Telegram’s @wallet bot. This bot allows users to purchase cryptocurrencies using a bank card and exchange or transfer them to other wallets within the app.
With the integration of USDT, Telegram is taking a significant step toward making cryptocurrency transactions more accessible and user-friendly. As the app continues to grow and expand its offerings, it is likely that more cryptocurrencies and features will be added to its wallet services, further cementing its position as a major player in the digital currency space.