The post TON Foundation Partners with Curve to Boost Stablecoin Trading on Blockchain appeared on BitcoinEthereumNews.com.

TON Foundation teams up with Curve Finance to develop a stable swap project, boosting stablecoin trading on the TON blockchain. The collaboration leverages Curve’s CFMM technology to enhance liquidity, streamline swaps, and support the growth of TON’s Web3 ecosystem. Recently, the TON Foundation announced a partnership with Curve Finance to develop a stable swap project on the TON blockchain. With this cooperation, stablecoin trading will have new chances, and users will have a more quick and easy access experience. TON Foundation and Curve Finance will incubate a new TON-based stable swap project. Leveraging Curve’s advanced CFMM technology, the project aims to simplify stablecoin swaps, enhance user experience, and minimize price impact. Michael Egorov, founder of Curve, will be the… — Wu Blockchain (@WuBlockchain) September 17, 2024 Using Curve’s CFMM Technology to Meet TON Growing Stablecoin Demand  The project aims to simplify stablecoin swaps by combining Curve’s sophisticated CFMM (Constant Function Market Maker) technology, therefore improving the whole user experience and reducing price impact. Specifically, Michael Egorov, creator of Curve Finance, will counsel the team leading this effort to make sure the project offers a flawless and creative decentralized finance (DeFi) solution inside the TON ecosystem. There is no better timing for this cooperation. USDT on the TON blockchain has astonishingly surpassed $729.9 million in net circulation just four months after its introduction, indicating growing demand for stablecoins on the network. Stablecoin use matches larger adoption patterns within TON’s Web3 ecosystem, where liquidity and trading volume are fast growing. Expected to satisfy the growing need for stablecoin trading, provide liquidity, and propel network further acceptance is this most recent project by the TON Foundation and Curve Finance. One important component of this evolution is how it enhances the current initiatives of TON. Since April 2024, as we previously reported, TON has…

---

Filed under: News - @ September 17, 2024 6:26 pm