- TON Foundation aims to expand in the U.S. market, leveraging favorable blockchain regulations under Trump.
- With 950 million Telegram users, Toncoin’s integration into payments and gaming drives blockchain innovation.
- Despite a market decline, Toncoin maintains resilience, with a $13.57 billion market cap and $188.13M trading volume.
The TON Foundation, linked to Telegram, is setting its sights on the U.S. market as the Trump administration ushers in anticipated favorable blockchain regulations. The foundation aims to leverage these evolving opportunities to position itself as a leader in the blockchain industry, aligning with pro-crypto policies expected under Donald Trump.
In a recent X post, theTonecoin (TON) blockchain expressed optimism regarding U.S. expansion under Trump’s leadership. With plans to create a Bitcoin reserve and foster blockchain innovation, the administration seeks to establish the U.S. as a digital asset hub. This move aligns with TON’s ambitions to enhance its presence in this critical market.
Ton Sees Resilience Despite Market Decline
The TON Foundation’s network serves 950 million Telegram users, offering seamless in-app payments and gaming via Toncoin. The capability positions TON as a major player in blockchain ecosystems, particularly in the U.S., where it plans to capitalize on Trump’s pro-crypto stance. Industry-wide optimism fuels this momentum, with Circle recently donating $1M USDC to Trump’s inaugural fund.
Founded in Switzerland in 2023, the foundation overcame past regulatory challenges, including a 2020 SEC settlement that halted Telegram’s fundraising. A December 2024 expansion to Abu Dhabi under the ADGM framework further bolstered TON’s decentralized projects in the MENA and APAC regions, targeting 500 million users by 2028.
Despite its ambitions, TON has faced hurdles. A surge in tap-to-earn games spiked transaction activity in 2024, but the total value locked (TVL) declined from $760 million in July to $296 million by December. Toncoin, the network’s cryptocurrency, saw a 15% drop last month, staying 35% below its July peak.
Telegram’s CEO, Pavel Durov, faced legal troubles last year, denying allegations of platform misuse. These challenges underscore the complexities of navigating blockchain expansion amid regulatory and market dynamics. Toncoin facilitates seamless payments and gaming within Telegram’s ecosystem, bolstering user engagement. The foundation’s U.S. expansion is expected to enhance Toncoin’s utility amid evolving regulatory conditions.
Toncoin’s current value is $5.37, reflecting a 2.07% increase in 24 hours. Its market capitalization is $13.63 billion, with $172.03 million in trading volume showcasing resilience amidst challenges. TON’s trajectory signals a transformative phase for blockchain integration, with its U.S. focus poised to redefine market dynamics.
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