Good news, Americans! The popular TON Wallet has finally made a grand entry into the United States. In a statement released on X, the popular wallet, which is natively integrated into Telegram in many countries, will be available to American crypto users, sparking wild jubilation amongst digital asset holders.
TON Wallet, built by the Open Network, can be accessed without additional downloads or extensions. The new development means U.S. users can access TON Wallet directly within Telegram, with features including buying and trading USDT, TON, and other tokens.
TON Wallet Breaks Into the US Crypto Market, Will Cater to 87 Million Users
Telegram services over 87 million American users, according to The Open Network’s press release. However, none of them could access the TON wallet app due to delayed regulatory approval. Telegram previously viewed the United States as an unfavorable environment for crypto services, but recent changes in the regulatory landscape due to President Donald Trump have improved the situation.
With TON Wallet’s entrance into the United States market, users can send and receive various crypto assets and tokens, such as USDT, USDC, TON, and even NFTs. Besides, users can send crypto in private messages with a 0% fee fiat-to-crypto conversion, access credit card withdrawals, and earn passive income by holding tokens.
TON Wallet also has built-in tools for viewing market charts and analyzing tokens. As a trader, this is beneficial, as you can check the market in real time before making an informed decision. Then you can decide to send or make low-fee swaps via Stonfi, a DEX built on the TON Blockchain.
Open Network’s CEO Speaks on the Breakthrough Event
CEO Andrew Rogozov said the team embedded the wallet into the Telegram messenger not as an add-on, but as a fundamental part of people’s day-to-day communication. “With Wallet in Telegram, sending digital assets feels as simple as sending a message, no friction, no extra steps.”
Rogozov further stated that the TON Wallet is more than a wallet – it’s a self-custodial gateway to Web3 inside an app accessed by over 430 million people daily and more than 1 billion monthly users. He said that over 100 million people globally activated the TON Wallet in 2024.
With the TON Wallet, users stay in full control of their funds and keys. This is one of the perks of using self-custodial wallets.
What U.S Market Penetration Means for TON Ecosystem
This is the first time a self-custodial wallet is accessible inside a U.S. messaging platform. This clearly indicates openness and a favorable regulatory environment, which were otherwise absent in the previous administration. Given Trump’s pro-crypto policies and clear regulatory framework, we expect more crypto wallets to penetrate the US market.
As for the TON network, entering the United States market will accelerate growth. Last year, the network grew rapidly but experienced a sharp decline in August. Its Total Value Locked dropped by almost 50%, from $760 million to $310 million in one month. The current TVL stands at $160 million, according to DeFiLlama, but collaborations, such as becoming the exclusive Blockchain partner of Telegram and its TON wallet penetrating the US market, can restore the network to its glory days again, hopefully.
The TON Network has been making moves to penetrate the Real-World Tokenization market. It partnered with Libre, a digital asset tokenization firm, to tokenize $500 million worth of Telegram-issued bonds into the Telegram Bond Fund (TBF). This move is part of the Network’s broader strategy to break into the tokenization market and bring RWAs on blockchain rails.
Toncoin, the network’s native crypto asset, will also experience significant growth. It currently trades at $3.2, down 3% in 24 hours, but gained 10% in 1 week.
