According to a recent LinkedIn post from Wallet in Telegram, the company’s self-custodial TON Wallet now supports cross-chain deposits and related functionality, powered by MoonPay. The post indicates that users can fund TON Wallet directly from major blockchains within Telegram, potentially lowering onboarding friction for more than 100 million users.
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The LinkedIn post highlights new capabilities including stablecoin deposits in USDC and USDT from leading blockchains, with automatic 1:1 conversion into USDT (TON). It also notes that stablecoin withdrawals from USDT (TON) back to USDT or USDC on other networks are planned, alongside BTC, ETH, and SOL deposits that are automatically converted into Toncoin.
As shared in the post, this feature set is positioned as a way to make self-custodial wallet funding comparable in simplicity to custodial solutions, while maintaining user control over assets. For investors, easier cross-chain access could increase user activity in the TON ecosystem, potentially driving higher transaction volumes and strengthening Wallet in Telegram’s role as a key on-ramp.
The post further suggests that removing the need to already hold assets on TON may expand the addressable user base and enhance retention by simplifying both entry and exit to the ecosystem. If adoption scales, this integration could improve the platform’s monetization prospects through higher usage and fees, and reinforce its competitive position among multi-chain wallet providers and Telegram-integrated crypto services.