DeFi

Bitcoin

Toncoin

when

Foundation

The TON Foundation has announced a strategic collaboration with Curve Finance (CRV) to create a new stablecoin swap platform on the Toncoin (TON) blockchain. 
The partnership aims to enhance user experience and increase the efficiency of stablecoin trading within the TON ecosystem. 
According to a post on the TON Community Telegram channel, the project will leverage Curve’s fixed-function market maker (CFMM) technology to facilitate stablecoin swaps, reduce price slippage, and optimize the trading experience for users. 
Vlad Degen, DeFi leader of the TON Foundation, explained the importance of this development with the following words: 
<blockquote> 
 “You will soon see more stablecoins and assets on TON than other chains like Bitcoin. A native CFMM is essential for seamless interaction, and working with one of the industry’s leading market makers was a natural choice for incubating this new project.” 
</blockquote> 
Related News: <a href="https://en.bitcoinsistemi.com/on-the-day-bitcoin-started-to-recover-another-good-news-came-from-us-senators/" target="_blank" rel="dofollow">On the Day Bitcoin Started to Recover, Another Good News Came from US Senators</a> 
This collaboration comes at a time when demand for stablecoins on the TON blockchain is increasing. Since USDt was launched on TON, its net circulation has increased to approximately $730 million in just four months. The TON Foundation believes that this new stablecoin exchange initiative will meet the increasing demand, increase liquidity, and accelerate the adoption of TON’s Web3 ecosystem. 
The project will be managed by an independent team selected through a transparent process involving the TON community. Curve Finance founder Michael Egorov will provide advisory support to the selected team as they develop the platform. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/two-big-altcoins-made-a-deal-they-will-work-together-in-new-project/">Two Big Altcoins Made a Deal: They Will Work Together in New Project</a>

Two Big Altcoins Made a Deal: They Will Work Together in New Project

Bitcoin Sistemi EN

Other articles published on Sep 18, 2024

Coinpedia Fintech News

Coinpedia Fintech News

Michael Saylor's MicroStrategy to Issue $700M in Senior Convertible Notes to Buy More Bitcoin

FLOKI Completes $CAT Airdrop, But an Error Leaves Some Users Tokenless

Why This Hidden Gem Could Outperform Bitcoin and Skyrocket 20,000% in 2024!

General Mills, Inc. (NYSE: GIS) Fiscal 2025 Q1: Net Sales Decline by 1% to $4.8 Billion

Join our free newsletter for daily crypto updates!