The TON Foundation has announced a partnership with Curve Finance to incubate a stablecoin swap project on the TON network. This partnership promises to bring new opportunities for stablecoin trading on the TON blockchain.
- Cooperation goals:
– Improve user experience and enhance stablecoin transaction efficiency on the TON blockchain.
– Uses Curve’s constant-function market maker (CFMM) technology to simplify stablecoin swaps and minimize Price Impact.
- Ecosystem Development:
– Expected to support more stablecoins and assets from other blockchains in the future.
– Meeting the growing demand for stablecoins on TON, with USDT on TON reaching nearly $730 million in net circulation after 4 months of launch.
- Implementation process:
– An independent team will be selected to lead the project through a transparent and participatory process with the TON community.
– Michael Egorov, founder of Curve Finance, will act as an advisor to the selected team.
- About TON and Curve Finance:
– TON (The Open Network) is a blockchain platform designed to integrate cryptocurrency and blockchain functionality into the Telegram messaging app ecosystem.
– Curve Finance, founded in 2020 in Switzerland, is a decentralized exchange (DEX) specializing in high-performance stablecoin and Token trading.
This partnership marks an important step forward in developing the DeFi ecosystem on the TON network, promising to bring more value to users and investors in the future.
The article TON Foundation Partners with Curve Finance to Develop Stablecoin Swap Project appeared first on Coin79 - Update Coin News and Crypto Investment Knowledge .
