Ethena Labs Partners with TON Foundation to Bring USDe and sUSDe to Telegram

Ethena Labs is joining forces with the TON Foundation to introduce its synthetic stablecoins, USDe and sUSDe, into the Telegram ecosystem. The partnership will commence in May 2025, bringing a novel savings avenue to Telegram's vast user base.

This integration aims to provide Telegram's over one billion users with an easy and secure way to save in digital dollars. By adding USDe and sUSDe to Telegram's wallet and other TON-compatible wallets, users can access dollar-denominated savings.

Both tokens are designed by Ethena Labs. USDe is a synthetic stablecoin pegged to the US dollar and backed by crypto collateral and on-chain mechanisms, while sUSDe is a yield-bearing version of USDe, enabling users to earn passive income on their stablecoin holdings.

The partnership will also see support for USDe and sUSDe added to popular TON-compatible wallets such as Tonkeeper and TONHub, expanding the reach of Ethena's savings tools and making it more convenient for Telegram users to manage their assets across platforms.

The self-custodial access to USDe and sUSDe in Telegram's wallet aligns with the increasing interest in user-controlled and privacy-focused financial solutions.

This collaboration is part of a broader initiative to integrate useful financial tools into the platforms that people use daily. By adding stablecoin savings to a social messaging app, Ethena Labs and the TON Foundation are working to make blockchain-based finance more accessible to a wider audience.