Institutional stablecoin volumes hit 80% at TON gateway SCRYPT
Stablecoins now account for 80% of processed volume at SCRYPT, TON's newly appointed institutional gateway, signaling a decisive shift by traditional finance toward on-chain settlement over legacy correspondent banking.
Swiss-licensed digital asset platform SCRYPT has been selected as the institutional gateway for stablecoins on the TON blockchain, a network backed by Telegram and its nearly one billion users. The appointment comes as stablecoins have surged to represent approximately 80% of SCRYPT's total processed volume.
This milestone highlights a structural shift in how corporate and bank treasuries approach digital assets. Instead of holding volatile tokens for speculative gains, financial institutions are increasingly using stablecoins as a functional replacement for slow, expensive correspondent banking rails.
The pivot away from market hype toward actual utility reached an inflection point recently. "If I had to pinpoint it, I would say 2023 is really when the shift happened and when the larger incumbents looked at the crypto industry and said, 'Hey, I think they might've figured something out here," notes Norman Wooding, Founder and CEO of SCRYPT.
For corporate treasuries, the appeal lies in immediate settlement and reduced overhead. Moving capital across borders through traditional banks typically requires multiple intermediaries, incurs high fees, and demands days of waiting. Stablecoin networks resolve this friction by settling transactions natively on a shared ledger.
The TON ecosystem provides a massive potential testing ground for this infrastructure. While Telegram already facilitates retail peer-to-peer payments on the network, corporate treasuries require a regulated bridge to participate. SCRYPT's Swiss licensing positions it to serve as that compliant on-ramp, connecting traditional capital with a blockchain capable of reaching almost a billion users.
As legacy banking infrastructure continues to struggle with cross-border friction, the data from institutional gateways suggests stablecoins are no longer a niche experiment. They are rapidly maturing into a primary settlement layer for global capital movement.
