TON stablecoin supply rises 4% in a week to more than $780M
TON's stablecoin supply rose 4% WoW to over $780M, signaling accelerating on-chain dollar liquidity and improving network utility. If sustained, TON would narrow the gap versus XRP Ledger and Stellar in stablecoin float, supporting the thesis of deeper payments activity and higher baseline demand for blockspace. The update is a native on-chain metric with no accompanying regulatory, exchange, or protocol catalysts.
AI InsightAI Insight
▲ Bullish
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
TON’s stablecoin supply rose 4% over the past week to more than $780M. The post said that if the pace continues, TON could move closer to Ripple’s XRP Ledger and Stellar’s XLM, which have stablecoin supplies of $896M and $839M, respectively. It added that the expansion is tied to infrastructure demand and fee-use cases for TON’s native token, TON (also referenced as GRAM).