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Add USDT info section #575
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import Button from '@site/src/components/button' | ||
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# USDT Processing | ||
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## Tether | ||
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Stablecoins are a type of cryptocurrency whose value is pegged to another asset, such as a fiat currency or gold, to maintain a stable price. Until recently, there was a jUSDT token, which is a wrapped ERC-20 from the Ethereum token bridged with [bridge.ton.org](bridge.ton.org). But on [18.04.2023](https://t.me/toncoin/824) the public launch of **native** USD₮ token issued by the company [Tether](https://tether.to/en/) was happened. USD₮ token is pegged 1-to-1 with USD and backed 100% by Tether’s reserves. This 1:1 pegging gives USD₮ a stable value, setting it apart from other, more volatile digital currencies. Such stability is essential for daily transactions, trading, remittances, and protecting your holdings against the price fluctuations of other digital currencies. This means that stablecoins can be used for exchanges, DeFi, and peer-to-peer transactions. After launching USD₮, the jUSDT has moved to the second priority token but is still used in services as an alternative or addition to USD₮. | ||
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:::warning IMPORTANT | ||
In TON Blockchain Jettons can be created with duplicate names, i.e. anyone can also create their own token and name it USD₮ or jUSDT. Technically, it will not differ in any way from the real USD₮ but it will have no value because such a token has no security. Therefore, you need to be extremely careful when dealing with stablecoins on TON Network. You can check a stablecoin or a wrapped token on TON Network for fraud only by checking Jetton Master address. | ||
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See important [recommendations](/develop/dapps/asset-processing/jettons#jetton-wallet-processing). | ||
::: | ||
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In TON Blockchain USD₮ supported as a [Jetton Asset](/develop/dapps/asset-processing/jettons). | ||
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:::info | ||
To integrate Tether’s USD₮ Token on TON Blockchain use the contract address: | ||
[EQCxE6mUtQJKFnGfaROTKOt1lZbDiiX1kCixRv7Nw2Id_sDs](https://tonviewer.com/EQCxE6mUtQJKFnGfaROTKOt1lZbDiiX1kCixRv7Nw2Id_sDs?section=jetton) | ||
::: | ||
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<Button href="https://github.com/ton-community/assets-sdk" colorType="primary" sizeType={'sm'}>Assets SDK</Button> | ||
<Button href="https://docs.ton.org/develop/dapps/asset-processing/jettons" colorType={'secondary'} sizeType={'sm'}>Jetton Processing</Button> | ||
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## Advantages of USD₮ on TON | ||
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### Seamless Telegram integration | ||
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[USD₮ on TON](https://ton.org/borderless) will be seamlessly integrated into Telegram, offering a uniquely user-friendly experience that positions TON as the most convenient blockchain for USDt transactions. This integration will simplify DeFi for Telegram users, making it more accessible and understandable. | ||
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### Lower transaction fees | ||
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Fee consumed by Ethereum USD₮ transfer is calculated dynamically depending on the network load. That's why transaction can cost a lot. | ||
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```cpp | ||
transaction_fee = gas_used * gas_price | ||
``` | ||
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* `gas_used` is the amount of gas was used during transaction execution. | ||
* `gas_price` price on 1 unit of gas in Gwei, calculated dynamically | ||
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On the other hand average fee for sending any amount of USD₮ in TON Blockchain is about 0.0145 TON nowadays. Even if TON price increases 100 times, transactions will [remain ultra-cheap](/develop/smart-contracts/fees#average-transaction-cost). The core TON development team has optimized Tether’s smart contract to make it three times cheaper than any other Jetton. | ||
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### Faster and scalable | ||
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TON’s high throughput and rapid confirmation times enable USD₮ transactions to be processed more quickly than ever before. | ||
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## See Also | ||
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* [Payments Processing](/develop/dapps/asset-processing/) |
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Let's add more "Use" buttons for calls to action. Some will integrate (projects), while others will process (exchanges, mainly exchanges).
Here are 2 flows:
Leads to assets SDK:
https://github.com/ton-community/assets-sdk
Leads to processing:
https://docs.ton.org/develop/dapps/asset-processing/jettons
Example of buttons: https://github.com/ton-community/ton-docs/blob/main/docs/develop/smart-contracts/README.mdx?plain=1#L18