Deposit USDT inside Telegram, receive PUD — and the protocol buys each unit’s exact contents on-chain at that moment. Burn PUD, get USDT back at the live PUD rate. How the mechanism works, and its safety math. The testnet jetton and Telegram Mini App are in build; the quotes below are live from the index today.
Telegram Wallet or Tonkeeper, via TON Connect
The jetton master (TEP-74, based on the audited ton-blockchain stablecoin contract) ships in milestone T-1 — see the build spec.
from the PUD index server — the same PUD rate the jetton will enforce
deposit USDT → receive PUD at PUD rate
burn PUD → USDT at PUD rate, never pausable
Why TON can't hold the real basket yet — and what that means: TON has deep native USDT but no EUR/JPY/GBP/CHF jettons at all, so v1 backs PUD 100% with USDT and carries the basket exposure synthetically via on-chain FX oracles, disclosed as basis risk and capped small. Every leg upgrades to a real jetton the day one exists on TON. Full architecture: PUD on TON — build spec. Sister deployment on Solana: glu.booga.me. Not investment advice.