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- Tether’s USDT reached $1.4 billion on The Open Network (TON) within ten months, making it one of the fastest-growing stablecoins.
- Tether is expanding beyond stablecoins, acquiring shares in agribusiness and considering increasing its stake in Juventus.
In barely 10 months after its introduction on The Open Network (TON), the USDT stablecoin has reached a new milestone, with total issuance currently exceeding $1.4 billion. This success makes USDT on TON one of the fastest stablecoin expansions in blockchain history. An achievement that, if you think about it, can be the envy of other blockchains that took years to reach similar numbers.
JUST IN: TETHER'S $USDT BREAKS RECORD WITH $1.4 BILLION ISSUED ON $TON IN JUST 10 MONTHS.
Source: Bitcoin News https://t.co/lmJGUYBOYL pic.twitter.com/JI5ho5U75k
— Mario Nawfal’s Roundtable (@RoundtableSpace) March 1, 2025
The TON Network Becomes a New Magnet for USDT
Many were first dubious about the USDT on TON integration. Still, its acceptance has surged with the help of a fast-expanding ecosystem and a more flexible approach than other blockchains.
Furthermore, TON included the Layer Zero interoperability protocol in February 2025 so USDT on this network could connect straight to over 100 other blockchain systems, including Ethereum, Tron, and Solana. Stated otherwise, users may now migrate USDT across many networks without having to search for outside solutions.
Furthermore, with the presence of platforms like Stargate, transactions between networks have become more efficient and faster. The result? TON is now the fourth-largest network for USDT, trailing only Ethereum, Tron, and Solana.
Tether’s Expansion Beyond Stablecoins
Although USDT is rising, Tether does not want to stop at the stablecoin level. The business is beginning to stretch into other industries, including agribusiness. According to CNF, Tether intends to have a controlling share in Adecoagro SA, a top agribusiness operating in South America. This action seems to fit the trend of crypto-based investments beginning to find application in traditional sectors.
For instance, the emergence of the African Bitcoin Revolution via the publication of Strike Africa meant to increase regional financial access. Tether now seems to wish to use a similar idea in the world of agriculture.
Tether has drawn notice, though, not only in the food sector. Additionally owned by the corporation is a 5% share in Italian Serie A football team Juventus. Depending on the Agnelli family’s willingness to let go, recent reports indicate that they are thinking about raising their ownership and maybe purchasing the club.
Tether CEO Paolo Ardoino underlined that their strategy is still is cooperative rather than confrontational. Thus, don’t be astonished if Juventus unexpectedly sponsors USDT directly on its jersey.
Bitcoin: The End of USDT?
Fascinatingly, Tether’s CEO personally sees USDT’s future very differently in the middle of this explosive growth. Paolo Ardoino thinks that as Bitcoin surpasses all its fiat counterparts over time, stablecoins like USDT will eventually become “useless.”
Known as a Bitcoin maximalist, he thinks that in the future Bitcoin would replace all other currencies, therefore negating the necessity for stablecoins.
