TON and Banxa unveil stablecoin payments for APAC SMEs

TON Foundation and Banxa partner to launch stablecoin payments for APAC SMEs, enabling fast, secure, and compliant cross-border transactions via blockchain.

The TON Foundation has formed a strategic partnership with Banxa to introduce a stablecoin-based payment infrastructure for small and medium-sized businesses (SMBs/SMEs) across the Asia-Pacific region. This collaboration integrates Banxa’s fiat-to-crypto on- and off-ramp network with The Open Network (TON) blockchain, enabling businesses to conduct cross-border transfers, settlements, and commercial transactions within seconds. The initiative aims to streamline both B2B and C2B payment processes, offering low transaction fees and rapid settlement times. Banxa’s global regulatory licenses and compliance framework ensure that payment flows adhere to local requirements, while the TON blockchain delivers transparency and security. Additionally, the partnership supports integration with Telegram Mini Apps, allowing direct acceptance of Toncoin and USDT. By leveraging blockchain technology, this solution addresses inefficiencies in traditional finance and expands access to digital asset payments for millions of businesses in the region.