Stable coins have seen significant growth, with a market cap of $150 billion. The rise in interest rates has spurred the need for yield-bearing stable coins. Projects like TON blockchain are gaining traction, with impressive growth and user numbers, potentially challenging established players like Ethereum and Solana. Telegram's TON blockchain has shown strong performance in daily active addresses, surpassing Ethereum. The ecosystem offers opportunities for billions in crypto assets seeking yield, attracting attention for its potential to compete with leading cryptocurrencies.