Ethena Labs Partners with TON Blockchain Foundation to Launch a Suite of Stablecoins Inside the Telegram Ecosystem

In a significant step for decentralized finance (DeFi), Ethena (@ethena_labs) has teamed up with the TON Blockchain Foundation (@ton_blockchain) to launch a suite of stablecoins—USDe and sUSDe—inside the Telegram ecosystem.

Ethena (@ethena_labs) has partnered with the TON Blockchain Foundation (@ton_blockchain) to launch USDe and sUSDe stablecoins inside the Telegram ecosystem.

sUSDe will appear as tsUSDe, giving Telegram’s billion-plus users an easy way to access dollar-denominated savings on mobile and desktop.

Ethena and the TON Blockchain Foundation have come together to integrate sUSDe, a stablecoin, into the Telegram ecosystem. The partnership will enable sUSDe to be accessible as tsUSDe in the native@wallet and TON Space wallet of Telegram.

This integration will give Telegram users an easy way to access decentralized finance services in a space where they already spend so much of their time. From either a smartphone or a desktop, Telegram users can now reach for their stablecoins with the same ease as pulling up a financial service in any major web browser. Of all the messaging apps in the world, Telegram is among the most widely used.

Expanding DeFi to a Global Audience Through Telegram

The integration of sUSDe (branded as tsUSDe within Telegram) into the Telegram system is set to unleash a new wave of DeFi adoption. With over a billion users, Telegram is the perfect place for TON Blockchain’s tech to attract a huge audience. Branded as tsUSDe on Telegram, this stablecoin is embedded in the app and acts as a user-friendly and simple access point to decentralized finance for Telegram’s massive user base.

This isn’t only about stablecoins. The partnership reaches key TON wallets like Tonkeeper and Tonhub and, thus, users can manage and utilize tsUSDe and other TON-based assets from a range of platforms. The partnership is also all about accessibility—making sure that no matter how or where users choose to interact with the blockchain, they have a seamless experience.

Also, Ethena has fixed a relatively high incentive for early adopters. Users holding up to 10,000 tsUSDe can now earn a boosted APY of 10% on their tsUSDe in $TON. This yield is in addition to the already generous rewards that Ethena offers. The aim here is twofold: first, to encourage active participation in the Ethena ecosystem among users who might otherwise be passive; and second, to interest users who are new to DeFi or cryptocurrency more generally.

Ethena ( @ethena_labs ) has partnered with @ton_blockchain Foundation to launch USDe and sUSDe stablecoins directly within Telegram’s ecosystem

sUSDe will appear as tsUSDe, giving Telegram’s billion-plus users an easy way to access dollar-denominated savings on mobile and desktop… pic.twitter.com/lt2B18xbkT

— DeFi Oracle 🔮 (@DeFiOracle_) May 7, 2025

The Future of Financial Infrastructure on TON Blockchain

This initial step represents the just-realized foundation of a much broader vision for the financial infrastructure on the TON blockchain. The partnership between Ethena and the TON Blockchain Foundation is now paving the way for the TON community to develop even more comprehensive financial services within the ecosystem. And these services are expected to be added soon: neobanking solutions, peer-to-peer payment service (formerly known as “DeFi”), and user-friendly interfaces for DeFi.

Adding these services to the already-existing ones is expected to make engaging with blockchain technology an even more everyday occurrence.

This partnership brings real financial value to users who exist outside of traditional financial systems. This is the very app with over a billion daily users—communication at that scale is non-existent in the world of finance. So, what does it really mean to have this partnership? It means that there are over a billion people who can now reach out—in a chat, with voice, or through video—to a DeFi service that’s part of an app they already use. And they can do it with stablecoins. That’s a big deal.

Besides, this joint effort suggests that TON Blockchain may be on the way to establishing itself as a center for decentralized financial services; the way it has melded neobanking and peer-to-peer payments could subtly alter how people perceive their financial transactions. Whether they’re sending money to friends, earning interest on savings, or doing any of the decentralized lending and borrowing that also constitutes D.V.F., FiscalNote’s F.I.R.S.T. partners suggest that these aren’t services confined to the TON ecosystem.

A New Era of DeFi Accessibility

The collaboration between Ethena and the TON Blockchain Foundation paves a new path for decentralized financial tools to work in tandem with effervescent social platforms. The partnership permits Ethena to serve financial tools to the massive and rapidly expanding user base of Telegram. This, in turn, gives decentralized finance a new and breathtaking opportunity to find and serve users at an