Ethena Teams Up with TON Foundation to Launch USDe on TON, Tapping into Telegram’s Billion-User Base

Ethena Labs, in collaboration with Ethena Foundation (together referred to as “Ethena”), has partnered with the TON Foundation to expand the use of Ethena’s USDe and sUSDe products across the TON ecosystem. As part of this strategic alliance, Ethena will launch a native integration of sUSDe on TON, branded as “tsUSDe.” This integration enables Telegram’s global user base—over 1 billion strong—to access dollar-denominated savings directly within the Telegram app on both mobile and desktop platforms.

This initiative includes two major wallet integrations: the custodial Wallet in Telegram and the TON Space wallet, a non-custodial wallet developed by The Open Platform (TOP), an incubator within the TON ecosystem. These integrations give users two seamless entry points to start earning and saving in digital dollars on-chain. Additionally, tsUSDe will be integrated into other popular TON wallets such as Tonkeeper, Tonhub, and MyTonWallet, offering a consistent and user-friendly experience.

Telegram users can access these wallets by searching for @wallet in the Telegram search bar or through the app’s menu on both desktop and mobile.

Picture Ethena Teams Up with TON Foundation to Launch USDe on TON, Tapping into Telegram’s Billion-User Base 2 | TON app

USDe and sUSDe Expand Across the TON Ecosystem

Ethena’s USDe and sUSDe are now fully integrated and recognized within the TON ecosystem. These assets will be available throughout the network and serve as essential building blocks for various DeFi applications. This expansion positions USDe and sUSDe as key components in TON’s DeFi infrastructure, supporting a range of use cases and strengthening Ethena’s influence in global blockchain finance.

To incentivize adoption, eligible tsUSDe holders across major TON wallets will benefit from a 10% APY boost paid in TON, along with additional rewards from Ethena on balances up to 10,000 tsUSDe per wallet.

Future reward programs are also in development, aiming to enhance DeFi protocol yields within TON and fuel rapid ecosystem growth.

Laying the Groundwork for TON’s Financial Future

This partnership signifies the beginning of a long-term collaboration between Ethena and the TON Foundation. Looking ahead, both organizations plan to explore a range of future developments, including neobanking solutions, peer-to-peer payments, and intuitive DeFi interfaces for lending and trading—all powered by Ethena.

The tsUSDe token will soon be available across Telegram Wallet, TON Space, and leading TON DeFi platforms. Users with tsUSDe in Telegram Wallet, TON Space, Tonkeeper, Tonhub, and MyTonWallet will gain access to exclusive incentives.

Further updates regarding the tsUSDe launch and reward structures will be shared on the official X (formerly Twitter) accounts of Ethena and the TON Foundation. The official launch is expected soon.

Picture Ethena Teams Up with TON Foundation to Launch USDe on TON, Tapping into Telegram’s Billion-User Base 3 | TON app

Statements from Leadership

“Our partnership with the TON Foundation is a major milestone for Ethena,” said Guy Young, Founder of Ethena. “TON’s integration within Telegram, reaching over a billion users, makes it the perfect platform to distribute USDe as a global dollar-savings solution. This is just the beginning—we’re also planning to introduce payment features and neobank services as our collaboration with TON deepens.”

“Introducing a reward-yielding, dollar-backed asset like tsUSDe to the TON network is a transformative step for our DeFi and PayFi ambitions,” said Max Crown, CEO of the TON Foundation. “Thanks to this integration, users can now easily access yield-generating dollar savings directly within Telegram. This partnership enhances financial utility, boosts user engagement, and supports the long-term growth of the TON ecosystem.”