PANews reported on May 2 that according to The Block, crypto venture capital firm Pantera Capital announced an investment in TON, but the specific amount has not been disclosed. Pantera Capital manages assets worth more than $5 billion. It believes that given that Telegram has more than 900 million monthly active users and more than 1 trillion channel views per month, TON may bring about the mass adoption of cryptocurrencies. Telegram also recently enabled Tether (USDT) stablecoin payments through the TON blockchain. This means that Telegram users can now make USDT payments through the TON network. Data shows that TON has recently jumped to become the tenth largest cryptocurrency with a market value of $16.8 billion.
