Ton Stable Coin Assessment

I’m evaluating whether Ton can be considered a stable coin, but I’m not convinced it qualifies as a true stablecoin given its design and price behavior. My stance is that Ton does not appear to maintain a fixed peg or broad collateral framework typical of stablecoins like USDT or USDC. If Ton relies on an algorithmic or non-collateral mechanism, it may face volatility and de-peg risk during market stress. In my view, Ton’s value can reflect broader sentiment about the network and adoption rather than a hard stabilization target. For anyone considering Ton as a stable store of value or medium of exchange, I’d caution that volatility and peg risk remain plausible unless there’s transparent collateral backing, a robust stabilization mechanism, and consistent peg maintenance in diverse market conditions.