Developers from Curve Finance and TON Foundation are set to create a platform for stablecoin trading on the Telegram Open Network blockchain.
The AMM mechanism from Curve is expected to simplify the exchange of “stablecoins,” enhance user experience, and minimize price impact.
The project’s advisor will be the founder of the DEX, Mikhail Egorov.
A portion of the new project’s tokens will be distributed among veCRV holders.
According to a press release, four months after launch, the volume of available USDT on TON reached $729.9 million. The new initiative aims to meet growing demand, increase liquidity, and boost the popularity of the network’s Web3 ecosystem.
In July, developers from TON and Tonkeeper implemented support for gasless transactions.