# Challenges on TON ## The Rise of Stablecoins on TON Since **April 2024**, when **Tether** launched its native stablecoin on the TON blockchain, we have witnessed a **phenomenal surge in stablecoin adoption**. From merchants leveraging TON as a **Miniapp provider** to everyday Telegram users enjoying the convenience of stablecoins, this rapid growth has drawn the attention of numerous stablecoin issuers to the TON ecosystem. We anticipate by **2025**, with a diverse array of stablecoins flourishing on TON, a pressing question emerged: > Where can users swap stablecoins at the best rates? ## **A Market in Need of Efficiency** Existing platforms like **STON.fi** and **DeDust**, while functional, struggle to fully optimize capital efficiency. Their algorithms often result in **significant slippage**, making trades unnecessarily costly. This inefficiency highlighted a crucial need in the market—a robust solution capable of minimizing slippage and maximizing cost-effectiveness for users. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://doc.torch.finance/dex/getting-started/challenges-on-ton.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.