Decentralized stablecoin platform Ethena has partnered with The Open Network (TON) to make its stablecoins available to Telegram’s user base of over one billion people.
The partnership, announced on May 1 at Token2049 in Dubai, will see the deployment of Ethena’s USDe (USDE) and Ethena Staked USDe (sUSDe) natively within the TON blockchain.
The sUSDe variant will be integrated under the name tsUSDe, enabling Telegram users to access US dollar-denominated savings directly within Telegram.
Source: Kirill Malev
The deployment involves two major Ethena integrations, including one in the custodial Wallet in Telegram and the second in the TON Space wallet, a non-custodial wallet integrated in the messenger.
One of Ethena’s “most meaningful launches”
Announcing the news on X, Ethena described its TON integration as “one of Ethena’s most meaningful launches to date.”
“Telegram has truly global distribution across its billion users, with presence in emerging economies