Ethena Labs has announced a strategic partnership with the TON Foundation to bring its synthetic stablecoins, USDe and sUSDe, into the Telegram ecosystem starting in May 2025.
The move will allow Telegram’s massive user base to access digital dollar savings directly through Telegram’s wallet and other TON-compatible wallets.
Bringing Stable Savings to Telegram
The main goal of this integration is to offer Telegram’s over one billion users an easy and secure way to save in digital dollars. By adding USDe and sUSDe to Telegram’s native wallet, users will gain access to dollar-denominated savings within the app they already use daily.
Both tokens are synthetic stablecoins designed by Ethena Labs. USDe is pegged to the US dollar and backed by crypto collateral and on-chain mechanisms. sUSDe, on the other hand, is a yield-bearing version of USDe that allows users to earn passive income on their stablecoin holdings.
Wider Wallet Support for Greater Access
The partnership goes beyond Telegram’s native wallet. Support for USDe and sUSDe will also be added to popular TON-compatible wallets such as Tonkeeper and TONHub. This wider wallet integration helps expand the reach of Ethena’s savings tools and makes it more convenient for Telegram users to manage their assets across platforms.
Self-custodial access means that users maintain full control over their funds without relying on third parties. This supports the growing demand for secure and private financial solutions in the digital world.
This collaboration is part of a broader push to bring real-world financial tools into user-friendly platforms. By adding stablecoin savings to a social messaging app, Ethena Labs and the TON Foundation are making blockchain-based finance more accessible to everyday users.