TON Wallet goes live for Telegram users in US

Telegram's TON Wallet Now Available to US Users

Telegram has introduced its native cryptocurrency wallet, TON Wallet, to users in the United States, marking a significant step in expanding its blockchain-based services. This self-custodial wallet, built on The Open Network (TON) blockchain, is the first of its kind to be integrated into a major social platform for US users, according to a recent news release.

Key Features of TON Wallet

The TON Wallet allows users to send, receive, and store digital assets directly within the Telegram app, without the need for external downloads or browser extensions. With access to TON Wallet, American users can now engage with various applications within the TON ecosystem, including gaming, payments, DeFi, and digital marketplaces.

Users can transfer USDT, Toncoin, and other TON-based tokens, including non-fungible tokens, using the wallet. The platform also offers built-in trading tools, token staking options, and 0% fees on USDT purchases made through Apple Pay, Google Pay, or credit cards using MoonPay.

Future Developments and Global Expansion

The TON Wallet is expected to play a crucial role in Telegram's in-app economy and support the growth of Mini Apps. While the wallet is currently available in the US and Europe, Telegram has plans to expand its reach to users in Asia and Russia as well. The company reported that over 100 million users globally activated the wallet in 2024, with a substantial user base in the US, presenting a significant growth opportunity for the platform.

Developed by The Open Platform, TON Wallet received significant funding through a Series A round led by Ribbit Capital and Pantera Capital, solidifying its position as a key player in the blockchain and cryptocurrency space.