The Ethena stablecoin platform has established a strategic alliance with The Open Network
$TON , the blockchain ecosystem linked to Telegram, with the aim of bringing its stablecoin USDe to the massive base of over one billion users of the messenger. This marks an important step towards the massive integration of digital assets within an already established communication platform.
The integration includes the yield-bearing sUSDe, which will now take the name tsUSDe in TON. This stablecoin will be available in both custodial wallets (such as Telegram Wallet) and non-custodial wallets (TON Space and TON Keeper).
What this movement represents:
Financial access within a messaging app: Telegram users will be able to send, receive, and save tokenized dollars without leaving the app, which could mean a financial revolution in unbanked regions such as Asia, Africa, and Latin America.
Eligible users will be able to earn up to 10% APY in TON on their tsUSDe holdings, with additional rewards for balances of up to 10,000 tsUSDe.
The implementation will occur in phases throughout May, also incorporating the DeFi ecosystem of
$TON Interoperability and expansion
USDe will initially arrive at TON through the LayerZero protocol, allowing connectivity between blockchains such as
#Ethereum #Tron and
#solana . This move aligns with TON's goal to integrate with at least 100 networks in its roadmap towards scalability.
The TON Foundation is already cooperating with $USDT, suggesting that TON is positioning itself as a multi-stablecoin hub with high levels of liquidity and utility.
Ethena in numbers:
With a market capitalization of $4.7 billion, Ethena ranks as the fourth largest stablecoin, only behind Tether (USDT),
$USDC and
#USDS (from Maker/Sky). This partnership with TON could propel it even further, giving it a competitive edge especially in countries where access to stable dollars is difficult.