The Open Network, originally built by Telegram. Fast-growing stablecoin ecosystem via Telegram's 900M+ user base and integrated TON wallet.
Stablecoin supply
$737M 0.24% of networks covered
Rank by supply
15 of 30 covered
Coins on this chain
3 2 above $1M
Largest coin's share
74.7% USDT
Concentration (HHI)
6,223 of 10,000
01
The mix
3 coins · HHI 6,223
Top coin — the largest coin's share of this chain's stablecoin supply.
HHI — Herfindahl-Hirschman Index, the sum of squared percentage shares
on a 0–10,000 scale, the same definition published for the market-wide
concentration series. Both are computed over every coin with supply on the chain,
not only those listed below.
A chain's concentration measure describes only its stablecoin mix. It does not
indicate the security of the chain or the soundness of the issuers represented on it.
#
Stablecoin
Type
Supply on TON
1
USDTTether
Fiat
$551M
2
USDeEthena USDe
Crypto
$186M
Coins with at least $1M of supply on this chain, ranked by that supply.
1 further
coin holds smaller balances
here and is counted in the
concentration figures above but not listed.