According to a recent LinkedIn post from Wallet in Telegram, the company is highlighting the launch of cross-chain deposits in its self-custodial TON Wallet, powered by MoonPay. The post describes a streamlined way for users to fund wallets inside Telegram using assets from popular blockchains, targeting friction reduction for more than 100 million users.
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The company’s LinkedIn post outlines support for stablecoin deposits in USDC and USDT from leading chains, with automatic 1:1 conversion into USDT (TON). It also notes planned stablecoin withdrawals from USDT (TON) back to USDT or USDC on other major blockchains, along with BTC, ETH, and SOL deposits that are automatically converted into Toncoin.
The post suggests management sees this as a way to lower onboarding barriers that previously required users to hold assets natively on TON, potentially broadening participation in the TON ecosystem. For investors, this integration may support higher transaction volumes, deepen user engagement within Telegram, and enhance TON Wallet’s competitive position versus other self-custodial and custodial solutions.
By leveraging MoonPay for behind-the-scenes cross-chain transfers, the functionality could reduce user dependence on external exchanges and intermediate conversion steps. This may strengthen Wallet in Telegram’s role as an access layer to TON-based applications and could indirectly benefit ecosystem activity if adoption scales with Telegram’s existing user base.
If the new features drive increased stablecoin and Toncoin flows, there could be implications for liquidity, fee generation, and network effects across TON. However, the LinkedIn post does not provide quantitative metrics, timelines for full rollout beyond the note that some features will be available soon, or any direct financial guidance, leaving the ultimate revenue and profitability impact uncertain.