About
The Open Network (TON) is a Layer-1 closely integrated with Telegram, enabling stablecoin payments to a massive messaging user base. USDT on TON has driven significant peer-to-peer and in-app dollar transfer adoption via Telegram wallets.
Stablecoins
Key products
Chains
- Founded
- 2018
- Stage
- Public token (TON)
- Funding
- TON Foundation
Related companies
1Money Network
Purpose-built L1 dedicated solely to stablecoin payments
1Money is a Layer-1 network engineered exclusively for stablecoin payments, using a patent-pending Byzantine Consistent Broadcast (BCB) consensus that delivers sub-second, instant-finality transfers, industry-low fees, and built-in compliance. It emerged from stealth in early 2025 with over $20M in funding and a team from Circle, Ripple, Binance, Uber, and Meta, launching a public testnet in August 2025 with mainnet targeted for late 2025.
Abstract
Consumer crypto L2 from Pudgy Penguins' creators
Abstract is a consumer-focused Ethereum Layer 2 ZK-rollup built with the ZK Stack by Igloo Inc., the company behind the Pudgy Penguins NFT brand. It emphasizes seamless onboarding via the Abstract Global Wallet (passkey-based, gasless account abstraction) and supports stablecoins such as USDC for consumer payments and DeFi.
Algorand
Payments-focused L1 expanding USDC stablecoin use
Algorand is a low-fee, fast-finality Layer-1 oriented toward payments and tokenized assets. It supports native USDC and EURC and has expanded consumer stablecoin payments through partnerships such as Wirex, bringing USDC payments to Visa-accepting merchants.
Arbitrum
Leading Ethereum L2 with deep stablecoin liquidity
Arbitrum is a leading optimistic-rollup Ethereum Layer-2 with deep native USDC and USDT liquidity and a large DeFi ecosystem. It is a core venue for stablecoin yield, lending, and trading, and underpins infrastructure for chains like Converge.
Arc
Circle's open L1 for stablecoin finance
Arc is an open Layer-1 blockchain developed by Circle and purpose-built for stablecoin-native finance, using USDC as the native gas token for low, predictable fees. It features Malachite BFT consensus with sub-second finality, full EVM compatibility, a built-in FX engine, instant settlement, and opt-in privacy. Arc entered public testnet in 2025 with a 2026 mainnet target and participation from institutions including Visa, BlackRock, and Coinbase.
Avalanche
L1 with subnets and institutional stablecoin/RWA use
Avalanche is a Layer-1 with a customizable subnet (Avalanche L1s) architecture used for institutional tokenization and stablecoin settlement. It hosts native USDC, EURC, and AUSD and is a target chain for RWA and enterprise payment deployments.