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Toncoin (TON) and Curve Finance (CRV) have decided to establish a new stablecoin swap platform on the TON blockchain in a strategic partnership. This partnership aims to improve user experience and make stablecoin trading more efficient.
This partnership between the TON Foundation and Curve Finance will leverage Curve’s CFMM (Fixed Function Market Maker) technology to optimize stablecoin swaps. This technology will reduce price slippage, providing users with a better trading experience. TON Foundation’s DeFi leader Vlad Degen emphasized the importance of this partnership, stating that more stablecoins and assets from different chains will soon be seen on the TON blockchain.
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This development comes at a time when demand for stablecoins on the TON blockchain is rapidly increasing. In particular, since the launch of USDt on TON, net circulation has reached approximately $730 million. The new stablecoin exchange platform is expected to meet this growing demand, increasing liquidity and accelerating adoption in TON’s Web3 ecosystem.
The project will be managed by an independent team selected through a transparent process by the TON community, with Curve Finance founder Michael Egorov serving as advisor to the team.
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