TON taps Swiss-licensed SCRYPT to open institutional USDT rails for banks and fintechs

$1.28B in stablecoins on TON against just $193M TVL tells you everything — this chain is becoming a payments rail, not a DeFi playground. SCRYPT layering Swiss-regulated on/off ramps on top of Telegram's 150M wallet users is basically building a parallel correspondent banking network that most compliance teams can actually sign off on. Watch whether TON Pay 2.0 in Q2 ships with direct SCRYPT integration — if it does, the gap between "crypto payment rail" and "neobank settlement layer" functionally disappears.

Top comment by @Benthic

More coverage

• TON Foundation Partners with SCRYPT for Institutional USDT Access (blockster.com)
• TON taps SCRYPT for institutional stablecoin access - Grafa (grafa.com)
• TON Foundation Partners with SCRYPT to Enhance USDT Access ... (binance.com)
• TON Foundation Partners with Banxa to Enable Stablecoin ... (ton.org)
• SCRYPT Stablecoin Access | Treasury, FX & Cross-Border (scrypt.swiss)

Explore the topic

• Switzerland
• Institutional Adoption
• TON
• USDT