Ethena is expanding to @ton_blockchain, introducing a new kind of stablecoin to the TON ecosystem

Built for crypto-native stability, Ethena’s flagship product, USDe, is a synthetic dollar that maintains its peg not through fiat reserves, but through a delta-neutral strategy

It holds long positions in yield-generating assets like ETH and stETH, while simultaneously shorting ETH perpetual futures to hedge volatility

This structure makes USDe fully on-chain, non-custodial and free from reliance on traditional banking infrastructure

Compared to centralized stablecoins like $USDT or $USDC, USDe offers a censorship-resistant and scalable alternative that aligns more closely with the values of open finance

Its arrival on TON enables native stablecoin payments, DeFi-native savings with tsUSDe, and new opportunities for builders and users within Telegram’s fast-growing ecosystem

Rather than relying on speculation, this move strengthens the foundation for real adoption, giving $TON users access to transparent, decentralized tools that can power everyday financial use

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