Messaging app Telegram to allow Tether stablecoin payments

Telegram users can now start sending money via the stablecoin USDT through The Open Network , a blockchain network that's integrated with the encrypted messaging service.

Telegram, which has roughly 900 million users worldwide, on Friday said it will now give users on the app the option to send USDT — a stablecoin developed and issued by Tether — over The Open Network . After this, users will be able to purchase USDT and send money to other users by selecting Tether's token as a payment option.Stablecoins are becoming more popular alternative to fiat coins for users looking to buy and sell digital currencies. These tokens are cryptocurrencies that have prices pegged to an underlying asset, which is typically a fiat currency like the U.S. dollar.They are nevertheless controversial.

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