Hamster

Stablecoin

Hamster Kombat

Swap

Catizen

The Open Network (TON) Foundation&nbsp;<a style="text-decoration:none" href="https://x.com/ton_blockchain/status/1836010377639079967">announced</a> a strategic partnership with Curve Finance, a leading decentralized exchange (DEX). This collaboration focuses on launching a new stablecoin swap project on the TON blockchain, aiming to enhance stablecoin trading and boost liquidity across the network.
This partnership will combine the expertise of both TON and Curve Finance, reportedly setting the stage for more efficient and accessible stablecoin transactions.
<h2 dir="ltr" id="span-span-ton-and-curve-finance-collaboration-span-span">TON and Curve Finance Collaboration</h2>
The primary goal of this collaboration is to simplify stablecoin swaps, ensuring smoother trades with minimal price slippage. By leveraging Curve’s advanced technology, TON aims to create a seamless and efficient environment for stablecoin trading on its blockchain.
&nbsp;
Key features of the TON-Curve Finance initiative include:
<ul>
 <li>Stable Swap Project: The new project will be built on Curve’s CFMM technology, known for its ability to maintain low slippage during trades. This feature will benefit users by providing efficient and cost-effective stablecoin transactions.</li>
 <li>Independent Development Team: The collaboration will involve an independent development team selected by both TON and Curve Finance. This team will work closely with both organizations to ensure the project aligns with community needs and standards.</li>
 <li>Michael Egorov’s Advisory Role: Curve Finance’s founder, Michael Egorov, will serve as an advisor to the project, bringing his vast experience in protocol mechanics and strategy to the table.&nbsp;</li>
 <li>Airdrop for veCRV Holders: To further engage the community, the initiative will airdrop a portion of the native tokens from the new project to veCRV holders, ensuring that early supporters are rewarded for their contributions.</li>
</ul>
<h2 dir="ltr" id="span-span-meeting-the-growing-demand-for-stablecoins-on-ton-span-span">Meeting the Growing Demand for Stablecoins on TON</h2>
Since the launch of USDT on TON, the token has achieved a net circulation of&nbsp;<a style="text-decoration:none" href="https://x.com/ton_blockchain/status/1835727096355930412?t=xfAYPqgfEH6f2XPMAcWmPQ&amp;s=19">$720.6 million</a> within just four months. This growth shows the increasing appetite for stablecoins within the TON ecosystem.
&nbsp;
However,&nbsp;<a style="text-decoration:none" href="https://www.bitget.com/blog/articles/bitget-research-report-ton-ecosystem">Bitget's new report</a> on The Open Network (TON) shows that mini-apps such as Hamster Kombat (HMSTR) and Catizen (CATI) have been the biggest draws for Telegram's blockchain ecosystem.&nbsp;
&nbsp;
Hamster Kombat traffic is mainly concentrated in Russia (22.18%) and India (19.63%), the report states.

TON Foundation Partners with Curve Finance to Launch Stablecoin Swap Project

Table of Contents

BSCN

Other articles published on Oct 2, 2024

COPA and Unified Patents ally to stop blockchain patent trolls

MicroStrategy Acquires 7,420 More Bitcoin, Bringing Total Holdings to 252,220 BTC

Fantom price gains 70% in 30 days — What’s driving FTM?

FTX Estate to Auction 22.3m Locked Worldcoin Tokens at a Discount

Top Altcoin Picks for Q4 2024, According to Grayscale: HNT, SUI, CELO

Hut 8 clears $38M debt, pivots to AI with Nvidia-powered expansion

Join our free newsletter for daily crypto updates!