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TON Foundation is collaborating with decentralized finance (DeFi) protocol Curve to launch and develop a stablecoin swap project on The Open Network (TON) blockchain.
The TON Foundation has announced a partnership with Curve Finance to incubate a new TON-based stable swap project.
The TON Foundation and Curve Finance have announced a new collaboration to incubate a stable swap project on the TON blockchain, according to a Sept. 17 statement shared with CryptoSlate.
The partnership introduces Curve Finance's CFMM technology to TON, optimizing stablecoin swaps with reduced price volatility and slippage.
Tether's USDT, the number one stablecoin by market cap, is growing as part of the TON ecosystem. According to the TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $1 billion. However, TON clarified that only $720.6 million was in circulation, while $309.3 million were authorized but unissued.
Bitcoin's failure to hold $60,000 shows hesitation to buy at higher levels before the FOMC decision on Sept. 18.
Bitcoin (BTC) saw considerable fluctuations over the weekend. It briefly pushed above $60,000 as market sentiment showed signs of shifting, resulting in a temporary jump of 6%.
XRP has been moving in a symmetric triangle, a pattern that is prone to rising or falling depending on the state of the market. The top of the triangle is currently where XRP is encountering strong resistance.
The Toncoin price plunged 4.6% in the last 48 hours, currently trading at $5.63. This weekend's pullback will likely assist buyers in recuperating the bullish momentum as Bitcoin obtains a firm foot above $60000.
The crypto space is now making headlines once more. The United Kingdom recently announced a bill that says cryptocurrencies are personal property. In this environment, experts say these crypto coins could skyrocket: Toncoin (TON), IntelMarkets (INTL) and Solana (SOL).
Since investments in the cryptocurrency landscape are all about promising returns and maximization of gains, Toncoin (TON), DOGS, and Rexas Finance (RXS) are three innovative tokens set to reshape the landscape of digital investment and maximize gains. Toncoin, leveraging the robust infrastructure of the Telegram Open Network, promises enhanced scalability and transaction efficiency.
Growing USDT supply on Toncoin has had quite an impact.
Rexas Finance (RXS) emerges as a disruptive force poised to challenge established giants like Cardano (ADA) and Toncoin (TON) with its innovative approach to tokenization and DeFi utilities. The platform offers a compelling proposition for investors seeking substantial gains.
Grayscale recently announced new trusts for SUI and XRP, which caused XRP's price to soar. As investors responded favorably to the development, the news served as a major catalyst driving the asset higher.
The crypto arena is on the rise once more, with Swift announcing a new initiative that uses their connection for transactions involving crypto assets. In this market, DTX Exchange (DTX) is seen as the hottest presale of 2024. It has already given early buyers a 200% return.
The cryptocurrency market saw a slight increase in trading activity this week, with global market capitalization rising by 3% over the seven-day period.
USDT on TON has reached a total supply of $729 million within four months following the integration announcement by the TON Foundation on April 18. This growth positions USDT on TON as the seventh largest stablecoin by market capitalization when evaluated independently.
Despite the favorable end in the SEC vs. Ripple lawsuit, investors are waiting for the US SEC's next step.
BTC is up 3.44%, while Ethereum (ETH) is up nearly 2%, inching toward the $2,400 mark. Other major gainers include Solana (SOL), Toncoin (TON), Ripple (XRP), and Dogecoin (DOGE).
Southeast Asia ride-hailing platform TADA has collaborated with TON Foundation to launch a new Telegram mini app.
The trading volume of Shiba Inu has been exhibiting an ascending dynamic, which suggests a critical reversal. This spike in volume suggests a growing interest in the asset, potentially signaling a change in market sentiment based on data from recent price charts.
Bitcoin recovered sharply from its intraday low, but holding these gains will determine whether bulls and dip buyers are ready to fight for a stronger trend reversal.
Ethereum competitors, such as Solana (SOL), Tonoin (TON), Tron (TRX), Cardano (ADA), and SUI, are likely to draw investors' attention as ETH price correction over the past six months. The bearish momentum accelerated as the Ethereum network was attacked by crypto hackers and growing speculation behind CEO Vitalik Buterin selling his holdings.
