A LinkedIn post from Wallet in Telegram highlights the launch of cross-chain deposit functionality in its self-custodial TON Wallet, powered by MoonPay. The post indicates that users can now fund TON Wallet directly from major blockchains, with behind-the-scenes handling of cross-chain transfers inside Telegram.
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According to the post, the new features target more than 100 million users and include stablecoin deposits in USDC or USDT from leading blockchains, automatically converted 1:1 into USDT (TON). It also mentions upcoming stablecoin withdrawals from USDT (TON) back to USDT or USDC on other chains, as well as BTC, ETH, and SOL deposits that are automatically converted into Toncoin.
The post suggests that this integration aims to reduce friction in onboarding by removing the need for users to already hold assets on the TON network, potentially expanding access to the broader TON ecosystem. Comments from Wallet in Telegram’s leadership in the post frame the move as an effort to make entering and exiting the TON ecosystem as seamless as using a custodial wallet while retaining self-custody.
For investors, the development could signal a strategic push to increase user acquisition and transaction volumes by simplifying funding flows from other networks into TON. If adopted at scale among Telegram’s large user base, this functionality may strengthen Wallet in Telegram’s position within the messaging-based crypto wallet space and support greater liquidity and activity across the TON ecosystem.