Daniel Walker
Ethena Labs and the Ethena Foundation have teamed up with the TON Foundation to integrate synthetic stablecoins USDe and sUSDe into the Telegram ecosystem, marking a major milestone in crypto adoption through social platforms.
As part of this initiative, sUSDe will be introduced on TON as โtsUSDe,โ making it seamlessly accessible within Telegramโs massive user base. This move enables Telegram users to directly hold and use synthetic dollars via TON-native wallets, including Tonkeeper, TONHub, and Telegramโs official wallet.
Earn More With tsUSDe: Yield Boosts Now Available
Eligible users holding tsUSDe in their TON wallets will receive a 10% annual percentage yield (APY) bonus on top of existing Ethena incentives, with a maximum boost of 10,000 tsUSDe per wallet. This rewards structure is designed to attract both retail users and crypto-savvy investors looking for stable and passive income in a volatile market.
Ethena Eyes Global Distribution via Telegram
Guy Young, Founder of Ethena, emphasized the strategic significance of this collaboration, stating: โPartnering with TON Foundation gives Ethena a powerful platform to deliver USDe as a global dollar savings tool through Telegramโs unmatched reach.โ
Telegramโs integration of TON provides a unique opportunity to reach over 1 billion users, making it an ideal launchpad for financial products that require speed, scale, and trust.
Expansion Plans and New TON-Based Applications in 2025
This partnership aligns with Ethenaโs 2025 roadmap, which includes the development of Telegram-based payment systems and a dedicated TON-native application. With TON powering a growing list of blockchain-enabled tools within Telegram, the ecosystem continues to expand at a rapid pace.
TON (The Open Network) serves as the blockchain backbone of Telegram, supporting a wide range of decentralized apps (dApps), wallets, and nowโsynthetic dollar assets.
USDe Solidifies Its Position Among Top Stablecoins
Backed by Ethenaโs synthetic dollar protocol, USDe currently holds a $4.7 billion market cap, placing it firmly as the third-largest stablecoin by supplyโjust behind USDT (Tether) and USDC (Circle).
Over the last 24 hours, USDe has recorded $114.4 million in trading volume, reflecting growing demand for synthetic stablecoins that offer yield-generating mechanisms outside of traditional fiat banking infrastructure.
