Ethena and TON Bring Synthetic Dollars to Telegram's Global Audience

As digital assets gear up for a potential market upswing, two blockchain projects are joining forces to expand their reach.

Ethena Labs has teamed up with the TON Foundation to bring its synthetic stablecoins, USDe and sUSDe, into Telegram’s rapidly growing crypto ecosystem.

As digital assets gear up for a potential market upswing, two blockchain projects are joining forces to expand their reach.

The partnership will see Ethena's flagship stablecoin, USDe, and its synthetic dollar token, sUSDe, become available to Telegram’s global user base through TON’s infrastructure. A wrapped version of sUSDe, branded as tsUSDe, will also be rolled out.

This integration will also include popular TON wallets like Tonkeeper, TONHub, and Telegram’s built-in crypto wallet, ensuring smooth interaction with Ethena’s digital dollar products.

Ethena founder Guy Young described the move as a major step forward, noting that Telegram’s vast network makes it an ideal channel to offer USDe as a simple savings option for users worldwide.

"We are excited to bring Ethena's stablecoins to the TON ecosystem and make them accessible to Telegram's global audience," Young stated.

"With the rising interest in crypto and DeFi, we believe that providing a familiar and trusted asset like the U.S. dollar is crucial for expanding financial opportunities."

The partnership also hints at a deeper strategic alignment between scalable finance tools and mobile-first blockchain platforms. By embedding synthetic dollars directly into Telegram, Ethena and TON are tapping into a massive user base with the potential to onboard everyday users into decentralized finance without the typical learning curve.