🟢Ethena x TON: A New Chapter for On-Chain Dollars?
At TOKEN2049, one announcement turned heads: Ethena — the protocol behind the rising stablecoin USDe — is launching on TON. And it’s not just hype. This could be one of the biggest on-chain moments for Telegram’s native ecosystem.
So what’s the story?
USDe isn’t your usual stablecoin. It doesn’t rely on reserves held in banks like USDT or USDC. Instead, it uses delta-neutral hedging strategies — when users deposit assets like TON, the protocol auto-executes short positions on centralized exchanges to keep the value stable around $1. This happens completely behind the scenes. No extra steps. Just decentralized dollar exposure — backed by smart contracts, not institutions.
Why does it matter?
Because USDe unlocks passive income. Thanks to its design, stakers may see returns. On other chains, that’s reached up to 10% APY — and now, TON users could benefit too.
Here’s what’s launching soon:
• Native support in top wallets: Wallet, Tonkeeper, MyTonWallet
• Integrations with DeDust.io, STON.fi, TONCO
• Lending via EVAA Protocol
• Swaps, liquidity, and staking — all on-chain
For the TON community, this is more than just another stablecoin. It’s a key building block in DeFi infrastructure. It’s programmable money with yield — directly within the Telegram user base.
The question now:
Can USDe become the stable layer powering the future of TON?
We’re watching it unfold — and you’re early.