Elliptic believes that Telegram and the $USDT stablecoin issued by Tether have become key infrastructure components of global online fraud networks. According to the company, total losses from such schemes are expected to reach $442 billion by 2025.

Toncoin, the native cryptocurrency of The Open Network, a layer-1 blockchain protocol, currently leads in transaction finality speed. According to results from a recent test, transactions using Toncoin require only 0.6 seconds to become immutable and irreversible, compared with Bitcoin, which has a time-to-finality (TTF) of one hour.

The developers of Telegram are preparing to transform the messenger’s crypto wallet into a gateway to traditional finance.