Tether's USDT (CRYPTO:USDT) and XAUt (CRYPTO:XAUT) transactions on The Open Network (TON) will be enhanced through the Oobit mobile payment app, allowing merchants to receive fiat payments from USDT transactions.

Launched on TON in April, Tether Gold (XAUt) is pegged to gold's price, and over $200 million in USDT has been issued on TON, enabling users to send USDT via Telegram messages to its 900 million users.

Oobit’s Tap & Pay technology leverages NFC to facilitate these payments, providing unbanked populations with access to major cryptocurrencies and global payments.

Tether CEO Paolo Ardoino and Oobit CEO Amram Adar highlighted the partnership's goal of offering inclusive banking solutions and revolutionising cryptocurrency transactions.

Tether continues to expand, increasing its investment in payment provider CityPay.io to extend services in the Caucasus and Central Asia regions.