Toncoin, the cryptocurrency integrated with Telegram payments, is preparing to enter the US market, according to reports from Bloomberg and the TON community.
The Open Network (TON) blockchain, which supports Toncoin, has shifted its focus to the United States due to anticipated growth in the country’s cryptocurrency sector. A TON community council representative highlighted the US’s potential as a global innovation hub for crypto.
US Market Attracting Crypto Projects
The move aligns with expectations that the US will become a major center for cryptocurrency development. Bloomberg reports that the administration of US President-elect Donald Trump, set to be inaugurated on January 20, plans to prioritize cryptocurrency innovations as part of its economic strategy.
This focus on crypto innovation is expected to create favorable conditions for projects like TON to expand in the US market.
Background on TON
The TON blockchain was originally developed in 2018 by the Durov brothers, who are also the founders of Telegram. After its initial closure, the project was handed over to the open TON community, which has continued its development ever since.
Toncoin has gained traction as a payment solution within Telegram, and its expansion into the US could further boost its adoption.
