On August 29, the downward momentum reached the $3.00 support level before bouncing back. TON has held up well, trading above the $3.00 support but below the moving average lines or the $3.30 level. The price is on the cusp of a possible breakout or breakdown. On the upside, a breakout above the moving average lines would take the price to a high of $3.60. On the downside, a break below the $3.00 level would cause the altcoin to fall to its previous low of $2.73.
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By 2011, US debit card fees averaged around 44 basis points, high enough for Congress to pass the Durbin Amendment, which slashed those rates in half. Europe lowered its caps in 2015 to 0.20% for debit cards and 0.30% for credit cards after Brussels determined the two giants were engaging in "coordination rather than competition." Yet uncapped US credit cards still charge 2.1%–2.4% today, only slightly lower than they were a decade ago. Stablecoins have upended this economic model. On Solana or Base, a USDC transfer costs less than $0.20 in settlement fees, a flat fee regardless of the amount. Shopify merchants accepting USDC through self-hosted wallets can retain the 2% credit card network fee they once charged. Stripe has seen the signs. It now offers a 1.5% fee on USDC transactions, down from its 2.9% + $0.30 fee rate.
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Demographics Favoring Early Web3 Adoption: With a predominantly young, tech-savvy, mobile-first population and the highest crypto adoption rate globally, Vietnam is emerging as a natural candidate to become a Web3 innovation leader in Southeast Asia. From Ambiguity to Proactive Regulation: The regulatory stance in Vietnam is shifting. The government is developing a legal framework through a sandbox program and a formal licensing system, potentially making Vietnam a regulated crypto hub by 2025–2026.
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