Telegram's crypto wallet goes live to its 87 million U.S. users

The re indicates that Telegram’s built-in TON Wallet is launching in the U. , allowing users to send and manage crypto directly within the appThe self-custodial wallet supports stablecoin transfers, token swaps, and zero-fee crypto purchases via MoonPay (an important development)

Launch had been delayed amid regulatory uncertainty

Dado Ruvic | ReutersTelegram users in the U

At the same time, Can now send, receive, and manage cryptocurrency directly inside the app — no downloads, extensions, or separate s required, given the current landscape

TON Wallet is built into Telegram's interface and is beginning its U (which is quite significant)

Additionally, Rollout this week

It's a self-custodial crypto wallet in which a user controls their own private keys

This analysis suggests that service, developed by The Open Platform, which is known as TOP, and built on the TON blockchain, allows users to send stablecoins and other digital tokens to their s as easily as sending a message

The evidence shows company says it's the first time a self-custodial crypto wallet has been embedded into a main messaging platform in the U

Launch had been delayed amid regulatory uncertainty

Furthermore, Andrew Rogozov, CEO of TOP, said that began to shift over the past year. "We started considering the U

As a more interesting opportunity for us," Rogozov told CNBC, citing a shift in regulatory conditions and Telegram's user growth

He said there are a lot of crypto users on the platform, and described the wallet as "the fundamental part of this infrastructure," giving users a way to store assets and interact with Telegram's growing ecosystem of Mini Apps (noteworthy indeed)

However, Read more CNBC newsU

Firms scramble to secure rare-earth magnets — imports from China surge 660%Figma IPO could value design software maker at $16 billionMicrosoft hit with Point attack affecting global es and governmentsNvidia CEO Jensen Huang sells an additional $12, considering recent developments. 94 million worth of s"Our goal, our mission here, is to remove as much friction as possible," Rogozov said. "And this is basically what crypto is trying to solve, especially at the global scale, by removing all the borders (this bears monitoring) (something worth watching)

However, "A split-key backup system — one part tied to the user's Telegram account and another to their — allows for self-custody while simplifying onboarding, in this volatile climate. "No need to download the wallet, no need to remember the seed phrase," he added. "This's how we simplify the whole thing. "TON Wallet supports peer-to-peer transfers, swaps between tokens, staking to earn yield, and zero-fee crypto purchases through a partnership with MoonPay

At the same time, It also vides on- and off-ramps via debit cards and connects to decentralized apps inside Telegram's "Mini Apps. "Telegram formally distanced itself from the TON blockchain after abandoning its own crypto token effort in 2020 under SEC pressure

In contrast, In the years since, it has continued to integrate TON-based features such as tokenized usernames, stickers, and emojis, and has publicly supported Fragment, a collectibles marketplace built on TON, in light of current trends

Additionally, TON Wallet's expansion into the U (which is quite significant)

Additionally, Could increase competition for platforms Cash App and Coinbase, particularly if Telegram's crypto-enabled ecosystem gains traction with main users

Meanwhile, For now, the wallet avoids directly offering regulated financial services, instead partnering with licensed viders MoonPay for on- and off-ramps

At the same time, Here's what come nextMacKenzie SigalosRead More.