{"id":924,"date":"2024-11-05T14:16:10","date_gmt":"2024-11-05T14:16:10","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=924"},"modified":"2025-04-29T14:34:25","modified_gmt":"2025-04-29T14:34:25","slug":"tons-comeback-and-the-dirham-pegged-stablecoin-key-insights-from-the-gateway-event","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/financial-market-articles\/tons-comeback-and-the-dirham-pegged-stablecoin-key-insights-from-the-gateway-event\/","title":{"rendered":"TON&#8217;s Comeback and the Dirham-Pegged Stablecoin"},"content":{"rendered":"\n<p class=\"wp-block-yoast-seo-estimated-reading-time yoast-reading-time__wrapper\"><span class=\"yoast-reading-time__icon\"><svg aria-hidden=\"true\" focusable=\"false\" data-icon=\"clock\" width=\"20\" height=\"20\" fill=\"none\" stroke=\"currentColor\" style=\"display:inline-block;vertical-align:-0.1em\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 8v4l3 3m6-3a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path><\/svg><\/span><span class=\"yoast-reading-time__spacer\" style=\"display:inline-block;width:1em\"><\/span><span class=\"yoast-reading-time__descriptive-text\">Estimated reading time: <\/span><span class=\"yoast-reading-time__reading-time\">4<\/span><span class=\"yoast-reading-time__time-unit\"> minutes<\/span><\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2>Table of contents<\/h2><ul><li><a href=\"#h-the-role-of-ton-society-in-community-building\" data-level=\"2\">The Role of TON Society in Community Building<\/a><ul><li><a href=\"#h-a-new-governance-model-with-society-dao\" data-level=\"3\">A New Governance Model with Society DAO<\/a><\/li><li><a href=\"#h-telegram-s-renewed-role-and-wallet-integration\" data-level=\"3\">Telegram\u2019s Renewed Role and Wallet Integration<\/a><\/li><li><a href=\"#h-strong-use-case-for-tether-s-dirham-pegged-stablecoin\" data-level=\"3\">Strong Use Case for Tether\u2019s Dirham-Pegged Stablecoin<\/a><\/li><li><a href=\"#h-the-journey-from-telegram-s-ico-controversy-to-ton-s-revival\" data-level=\"3\">The Journey from Telegram\u2019s ICO Controversy to TON\u2019s Revival<\/a><\/li><li><a href=\"#h-telegram-s-commitment-to-privacy-despite-recent-challenges\" data-level=\"3\">Telegram\u2019s Commitment to Privacy Despite Recent Challenges<\/a><\/li><\/ul><\/li><li><a href=\"#h-conclusion\" data-level=\"2\">Conclusion<\/a><\/li><\/ul><\/div>\n\n\n\n<p>The Gateway event in Dubai was a pivotal moment for The Open Network (TON) community, showcasing its renewed focus, technological innovations, and collaborative spirit. Led by co-founder Jack Booth, the TON Society team provided updates on Telegram\u2019s privacy features, the launch of Tether\u2019s Dirham-pegged stablecoin on the blockchain, and the broader purpose of the Society.<\/p>\n\n\n\n<figure class=\"wp-block-video\">\n  <a href=\"https:\/\/otetmarkets.com\/prblog\" target=\"_blank\">\n    <video height=\"500\" style=\"aspect-ratio: 1312 \/ 500;\" width=\"1312\" autoplay loop muted playsinline>\n      <source src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/04\/Otet-Banner-en-2.mp4\" type=\"video\/mp4\">\n      Your browser does not support the video tag.\n    <\/video>\n  <\/a>\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-role-of-ton-society-in-community-building\"><br><br><strong>The Role of TON Society in Community Building<\/strong><\/h2>\n\n\n\n<p><strong>TON Society<\/strong> serves as the backbone for community engagement and development. Booth, who heads TON Society, highlighted the organization\u2019s commitment to fostering a collaborative environment for developers, builders, and TON enthusiasts. Through networking opportunities and resource provision, TON Society is building a solid foundation for TON\u2019s future as a decentralized, community-driven blockchain.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"481\" data-id=\"930\" src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_01b68397-1-1024x481.jpg\" alt=\"TON\" class=\"wp-image-930\" srcset=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_01b68397-1-1024x481.jpg 1024w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_01b68397-1-300x141.jpg 300w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_01b68397-1-768x361.jpg 768w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_01b68397-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-new-governance-model-with-society-dao\"><br><br><strong>A New Governance Model with Society DAO<\/strong><\/h3>\n\n\n\n<p>During the event, TON also revealed the <strong>Society DAO<\/strong>, a governance model aimed at increasing transparency and community participation in TON\u2019s growth. The Society DAO is expected to empower community members by enabling them to actively participate in decision-making processes, a progressive shift from the traditional centralized governance seen in early blockchain projects.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"481\" data-id=\"932\" src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_8a1583cb-1-1024x481.jpg\" alt=\"\" class=\"wp-image-932\" srcset=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_8a1583cb-1-1024x481.jpg 1024w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_8a1583cb-1-300x141.jpg 300w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_8a1583cb-1-768x361.jpg 768w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-16.57.37_8a1583cb-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-telegram-s-renewed-role-and-wallet-integration\"><br><br><strong>Telegram\u2019s Renewed Role and Wallet Integration<\/strong><\/h3>\n\n\n\n<p>After stepping back from the TON project in 2020 due to regulatory challenges, Telegram is back in the picture. In 2023, Telegram re-engaged with, handing over significant assets and control to the open-source community. Today, it has gained new momentum, partly thanks to the <strong>TON Space wallet<\/strong>, integrated into Telegram&#8217;s platform, providing access to crypto features for over 800 million users. This wallet is part of Telegram\u2019s effort to provide a decentralized financial ecosystem through its app, an approach that emphasizes user privacy and data security.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Read More: <a href=\"https:\/\/otetmarkets.com\/blog\/articles\/gold-backed-stablecoins\/\" target=\"_blank\" rel=\"noreferrer noopener\">Can Gold-Backed Stablecoins Replace the Dollar?<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-strong-use-case-for-tether-s-dirham-pegged-stablecoin\"><br><br><strong>Strong Use Case for Tether\u2019s Dirham-Pegged Stablecoin<\/strong><\/h3>\n\n\n\n<p>A standout announcement at the event was Tether\u2019s plan to launch a <strong>Dirham-pegged stablecoin<\/strong> on the TON blockchain. According to Booth, the UAE\u2019s significant remittance outflows to countries like India and the Philippines make the Dirham-based stablecoin a game-changer. He believes this stablecoin can streamline remittances, helping users in Dubai send funds back home seamlessly and affordably.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"481\" src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-12.21.20_20d9867a-2-1024x481.jpg\" alt=\"TON\" class=\"wp-image-931\" srcset=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-12.21.20_20d9867a-2-1024x481.jpg 1024w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-12.21.20_20d9867a-2-300x141.jpg 300w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-12.21.20_20d9867a-2-768x361.jpg 768w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-05-at-12.21.20_20d9867a-2.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-journey-from-telegram-s-ico-controversy-to-ton-s-revival\"><br><br><strong>The Journey from Telegram\u2019s ICO Controversy to TON\u2019s Revival<\/strong><\/h3>\n\n\n\n<p>TON\u2019s history is marked by a turbulent ICO in 2018, in which Telegram raised $1.7 billion before facing regulatory hurdles. Following the SEC\u2019s intervention in 2019, Telegram eventually ceased its involvement in it. However, the open-source community continued developing TON, which now operates independently of Telegram but benefits from its renewed support and increased exposure.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><a href=\"https:\/\/otetmarkets.com\/blog\/news\/denmarks-new-crypto-tax-proposal-a-bold-move-towards-mark-to-market-taxation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Denmark\u2019s New Crypto Tax Proposal: A Bold Move Towards Mark-to-Market Taxation<\/a><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-telegram-s-commitment-to-privacy-despite-recent-challenges\"><br><br><strong>Telegram\u2019s Commitment to Privacy Despite Recent Challenges<\/strong><\/h3>\n\n\n\n<p>Telegram has faced scrutiny for its privacy policies, especially after founder Pavel Durov\u2019s recent arrest in France, an incident Booth described as \u201cpolitically motivated.\u201d While some criticize Telegram for not implementing end-to-end encryption on all chats, Booth emphasized that the platform remains committed to user privacy and actively moderates illegal content. Telegram does not grant authorities direct access to user data, preserving privacy without compromising its security commitments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><br><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>TON&#8217;s resurgence marks a new era, with innovations like the Society DAO and the Dirham-pegged stablecoin positioning it as a significant player in the crypto landscape. With Telegram\u2019s support and a committed community, it is poised to redefine blockchain use cases in privacy-focused communication and cross-border finance. For the latest on TON\u2019s initiatives, including updates from The Gateway event, stay tuned to Cryptonews and exclusive coverage by Tanzeel Akhtar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gateway event in Dubai was a pivotal moment for The Open Network (TON) community, showcasing its renewed focus, technological innovations, and collaborative spirit. Led by co-founder Jack Booth, the TON Society team provided updates on Telegram\u2019s privacy features, the launch of Tether\u2019s Dirham-pegged stablecoin on the blockchain, and the broader purpose of the Society. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,18,14,7],"tags":[28,41],"class_list":["post-924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-market-articles","category-cryptocurrency","category-financial-markets-education","category-trade-management-in-financial-markets","tag-forextrading","tag-markettrends"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=924"}],"version-history":[{"count":6,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/924\/revisions"}],"predecessor-version":[{"id":4586,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/924\/revisions\/4586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/929"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}