TON Foundation to provide stablecoin payment network for APAC SMEs

The Open Network (TON) Foundation has partnered with Web3 fiat-to-crypto gateway Banxa to provide a stablecoin payment network for small and medium-sized enterprises (SMEs) in the Asia-Pacific (APAC) region, The Block reported. This will allow SMEs in the region to use the TON blockchain for settlements, payments, and cross-border remittances.