According to a recent LinkedIn post from Wallet in Telegram, the company is introducing cross-chain deposits in its self-custodial TON Wallet, integrated directly within Telegram and powered by MoonPay. The post highlights new support for stablecoin deposits in USDC and USDT from major blockchains, with automatic 1:1 conversion into USDT on the TON network.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The LinkedIn post also notes planned functionality for stablecoin withdrawals from USDT on TON back to USDT or USDC on other networks, as well as deposits of BTC, ETH, and SOL that are automatically converted into Toncoin. This appears aimed at lowering onboarding friction for more than 100 million potential users by simplifying funding flows between popular chains and the TON ecosystem.
For investors, the development suggests a strategic push to make TON Wallet’s self-custodial product as simple to fund as a custodial service, while preserving user control of assets. If adoption materializes at scale, easier entry and exit could increase transaction volumes, deepen TON liquidity, and strengthen Wallet in Telegram’s position within the broader Telegram-centered crypto ecosystem.
The integration with MoonPay may also be relevant from a business-model perspective, as it could provide fee-based revenue opportunities tied to cross-chain conversions and network usage. More broadly, the move underscores growing competition among wallets to become the default interface for mainstream users navigating multiple blockchains, with Wallet in Telegram positioning itself as an accessible gateway into TON.