Toncoin (TON) Gains Major Adoption as Telegram Expands Crypto Wallet to 87M US Users

Telegram has officially launched its integrated cryptocurrency wallet to U.S. users, marking a significant milestone for the messaging platform's 87 million American subscribers. This feature enables direct crypto transactions within Telegram's interface, eliminating the need for third-party apps.

The wallet operates on The Open Network (TON) blockchain, a project initially developed by Telegram's founders before regulatory challenges led to their withdrawal in 2020. Now maintained by independent teams, TON powers Telegram's wallet through a partnership with The Open Platform.

TON Wallet introduces a user-friendly approach by replacing traditional seed phrases with a split-key system tied to users' Telegram accounts and email addresses. "This eliminates the friction of wallet downloads and complex security protocols," explained Andrew Rogozov of The Open Platform. The solution maintains self-custody while offering token swaps, staking rewards, and fee-free purchases via MoonPay integration.

The U.S. rollout follows strong global demand, with over 100 million wallets activated internationally during 2024—representing about 10% of Telegram's user base across Asian and European markets.