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Telegram’s TON Wallet Now Available to 87 Million US Users: A Game-Changer for Crypto Accessibility

Telegram’s TON Wallet Now Available to 87 Million US Users: A Game-Changer for Crypto Accessibility

Author:
HashRonin
Published:
2025-07-22 18:41:02
20
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In a major move for crypto adoption, Telegram’s self-custody TON Wallet has finally unlocked access for its 87 million US users—marking a pivotal moment for Web3 integration into mainstream social platforms. This rollout, confirmed by The Open Platform’s CEO Andrew Rogozov, positions Telegram as the first major messaging app to embed native crypto functionality at scale in the US. The wallet’s frictionless design, which eliminates seed phrase hassles by leveraging Telegram accounts and email backups, could redefine how Americans interact with digital assets. But with great convenience comes greater scrutiny: Rogozov also addressed Telegram’s historical association with illicit activity, detailing new anti-fraud measures like whitelisting and transaction emulators. As TON’s ecosystem of mini-apps expands, competitors like Coinbase and Cash App face fresh pressure to innovate.

Why the US Launch Matters for Telegram and TON

Telegram’s rocky history with US regulators—including the SEC’s 2019 shutdown of its GRAM token—makes this wallet rollout symbolic. The messaging giant has cautiously re-engaged with crypto via TON (The Open Network), an independent but Telegram-aligned blockchain. Since their 2023 reunion, TON’s ecosystem has ballooned with decentralized apps, yet US users were locked out until now. Rogozov’s CNBC interview reveals a strategic pivot: America’s "more interesting opportunity" likely refers to Telegram’s vast existing user base (87M+ in the US alone) and the wallet’s potential to onboard normies. Think of it as MetaMask meets iMessage, but with Telegram’s signature anti-censorship ethos.

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"Our mission is eliminating friction—that’s what crypto should do globally, erasing borders," Rogozov emphasized. The wallet achieves this by fragmenting backups between Telegram accounts and email, a clever workaround for users who’d otherwise lose sleep over seed phrases.

Security in the Spotlight

Let’s address the elephant in the room: Telegram’s rep as a haven for scammers. The platform’s encryption makes it a double-edged sword—beloved by privacy advocates but exploited by bad actors. Rogozov insists TOP is combatting this with "whitelists, blacklists, and transaction emulators" to flag shady activity. Will it work? Time will tell, but the stakes are high. A single high-profile hack could spook regulators already eyeing Telegram’s crypto ambitions.

TON’s Ecosystem Play

Beyond wallets, TON is betting big on mini-apps—bite-sized DeFi and gaming tools living inside Telegram. Imagine sending TON coins to a friend like a sticker, or tipping creators with toncoin. This isn’t hypothetical; apps like Wallet Bot already enable it. With US users now in the mix, TON’s developer activity could explode. Data from CoinMarketCap shows TON’s market cap holding steady at $8B+, signaling investor confidence.

The Exchange Angle

Where does this leave exchanges? Platforms like BTCC and Binance may see increased Toncoin trading volume as Telegram users seek liquidity. But long-term, Telegram’s embedded wallet could siphon off casual traders who prefer staying within one app. It’s a wake-up call for incumbents to improve UX or risk becoming backend infrastructure.

Regulatory Tightrope

Remember 2019? The SEC hammered Telegram’s $1.7B ICO for allegedly offering unregistered securities. This time, TOP seems to be threading the needle by avoiding token sales and focusing on utility. Still, the SEC’s recent lawsuits against Coinbase and Binance suggest no love lost for crypto. Telegram’s wallet design—non-custodial with no direct fiat on-ramps—might be its legal armor.

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FAQs

How does TON Wallet differ from MetaMask?

Unlike MetaMask’s seed phrase system, TON Wallet auto-backups via your Telegram account and email—no cryptic 12-word phrases to memorize. It’s built for messaging natives, not crypto geeks.

Can US users buy toncoin directly in Telegram?

Not yet. The wallet currently supports transfers and dApp interactions. For purchases, users still need exchanges like BTCC or Binance (per Rogozov’s CNBC comments).

Is Telegram’s wallet compliant with US regulations?

Its non-custodial nature likely helps, but the SEC hasn’t explicitly blessed it. Much depends on whether toncoin gets classified as a security—a grey area since 2019.

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