The TON Foundation, a non-profit organization backing the development of The Open Network (TON) blockchain, has partnered with Curve Finance, a decentralized exchange (DEX), to launch a new TON-based stable swap project. This collaboration aims to enhance user experience and stablecoin trading on the TON blockchain by utilizing Curve Finance's Constant Function Market Maker (CFMM) technology. The integration of CFMM tech is expected to reduce price volatility and slippage, making asset exchanges more efficient. Projects interested in leveraging Curve Finance's CFMM technology typically require a license, making the stable swaps on TON through this new project a significant development. The partnership will select an independent team to develop the stable swap project through a transparent process, with the team granted permission to implement Curve Finance's stable swap formula. Additionally, Curve Finance recently shifted towards its native stablecoin crvUSD to improve fee distribution and incentivize users within its ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news