TON FOUNDATION AND CURVE FINANCE TO LAUNCH A DEX FOR STABLECOINS
The developers of Curve Finance and TON Foundation will create a platform for trading stablecoins on the Telegram Open Network blockchain.
The AMM mechanism from Curve is expected to simplify the exchange of “stablecoins,” improve the user experience, and minimize the impact on prices.
The founder of DEX, Mikhail Egorov, will act as an advisor to the project.
A portion of the new project’s tokens will be distributed among veCRV holders.
According to the press release, four months after the launch, the volume of available USDT in TON reached $729.9 million. The new initiative will meet growing demand, increase liquidity, and increase the popularity of the network’s Web3 ecosystem.
As a reminder, in July, the developers of TON and Tonkeeper implemented support for gas-free transactions.
