In the latest development in integrations, the TON Foundation has selected OpenPayd as the fiat infrastructure that will support its ecosystem.
Non-profit organization TON Foundation, which aids in the development of the TON Blockchain, picked financial infrastructure OpenPayd to provide the global fiat infrastructure underpinning its rapidly expanding ecosystem.
As such, OpenPayd will serve as a core operational layer for TON Foundation, bridging international fiat rails through a single API, enabling TON Foundation to fund ecosystem grants more efficiently. This helps in streamlining multi-currency treasury operations and supporting the global community of builders contributing to TON’s development.
Speaking to AltcoinDesk, crypto analyst Lavneet Bansal stated:
TON already has meaningful usage, which shows up clearly in the numbers. The stablecoin supply on the network is around $860 million, putting it among the larger chains by stablecoin market cap, even ahead of several newer networks that are built specifically around stablecoins. That reflects strong distribution through Telegram and steady everyday usage rather than short-term speculation.
“At the same time, this scale brings operational pressure, especially around moving money across borders and managing fiat flows,” said Lavneet Bansal. “Partnering with OpenPayd helps address that gap by giving TON a more reliable and globally connected fiat backbone, which could make it easier to support builders and sustain growth over time.”
Despite this partnership, which usually spikes the prices, TON has been crashing. The coin started the downtrend after being rejected at the $1.6 resistance level. After being rejected at this level, the coin kept crashing inside the descending channel. It rebounded off the upper and lower trendlines.
In the latest event, the coin tested the 50-day moving average and was rejected. Now that the coin is on its way down towards the lower trendline, the next support level is at $1.4. The Relative Strength Index, which is a technical indicator, still keeps crashing as it shows 37 on its scale. If it continues along this trajectory, it might end up in the oversold region.
