Telegram Expands TON Wallet with Cross-Chain Functionality

The self-custody TON wallet in Telegram now supports cross-chain deposits. Users can transfer cryptocurrencies from various networks directly into their Telegram wallet, as the company announced ^[1].

The technical implementation is handled by payment service provider MoonPay. Supported stablecoins include USDC and USDT from networks such as Ethereum, Solana, TRON, BNB Chain, Polygon, Arbitrum, and Base. Deposited stablecoins are credited as USDT on the TON blockchain at a 1:1 ratio ^[1].

In the future, withdrawals of USDT from the TON network to other blockchains are also planned. Additionally, Telegram plans to enable deposits in Bitcoin, Ether, and SOL, which will be automatically converted to Toncoin ^[1].

The integration aims to simplify access to the TON ecosystem and make it easier for users from other networks to get started. The Toncoin price responded positively to the announcement and is currently trading at $1.41 USD—an increase of approximately three percent compared to the previous day ^[1]. The market capitalization currently stands at approximately $3.44 billion USD.