Telegram registered more than one million new self-custodial wallets in 48 hours without requiring users to download an additional application. According to Pavel Durov, wallets activate automatically when users receive Grams, allowing them to discover crypto through transfers between users. This integration gives Telegram a distribution advantage over standalone crypto applications, which can take years to build an audience. The TON network behind Telegram’s wallet averaged 4.06 million daily transactions in October, while average daily stablecoin users increased by 23.44% to 37,693.
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