TON Bridged USDT
Crypto Overview
Purpose and Utility
TON Bridged USDT (JUSDT) is a bridged version of Tether (USDT) operating on the TON blockchain. Its primary purpose is to provide a stable, dollar-pegged token for use within the TON ecosystem, facilitating transactions and trading.
Business Model
The token operates as a bridge implementation of the original USDT, allowing users to transfer USDT from other chains to TON. The business model is straightforward and transparent: for each JUSDT token in circulation, there is an equivalent USDT locked in the bridge contract on the original chain.
Real-World Adoption
JUSDT has gained significant adoption within the TON ecosystem, being used for trading, payments, and as a stable store of value. It serves as one of the primary stablecoins on TON-based decentralized exchanges and applications.
Platform Development
The token operates on the TON blockchain infrastructure, which maintains active development and regular updates. The bridge mechanism is maintained and monitored for security.
Token Distribution and Governance
As a bridged token, JUSDT's supply is directly tied to the amount of USDT locked in the bridge contract. There is no separate token distribution or vesting schedule as the token simply represents bridged USDT.
Crypto Impact
To assign a comfort level investing in TON Bridged USDT from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to TON Bridged USDT.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.