Ethena Labs partners with TON to integrate USDe into Telegram ecosystem
Ethena Labs, the team behind the synthetic dollar USDe, has announced a strategic partnership with the TON blockchain.
According to a May 1 statement, this move brings both USDe and its yield-generating counterpart, sUSDe, directly into the Telegram ecosystem.
Ethena said:
“This represents one of Ethena’s most meaningful launches to date. [Telegram] Users within [in emerging countries] can now all benefit from a globally accessible dollar savings vehicle via Ethena’s USDe right within their Telegram app.”
Yield opportunities
Ethena’s integration enables support for USDe inside Telegram’s native wallet and opens the door to stable yield-generating products directly within the chat environment.
To kick off adoption, Ethena will offer an extra 10% annual percentage yield (APY) to users holding Ton Staked USDe (tsUSDe) in non-custodial wallets.
The bonus, paid weekly in TON tokens, applies to holdings of up to 10,000 tsUSDe per user. This is in addition to the base yield earned through sUSDe.
Ethena is also introducing a “USDT Earn” feature. This allows users to deposit USDT and receive interest based on USDe’s performance, bridging the gap between traditional stablecoins and higher-yield synthetic assets.
Ethena compares its approach to successful digital savings products in Asia. According to the firm, social messaging platforms like WeChat attracted hundreds of billions in user deposits by integrating yield tools into their messaging apps.
Ethena believes the TON integration offers similar potential and is enhanced by sUSDe’s stronger return profile.
Fueling TON’s DeFi ecosystem
Meanwhile, the partnership will expand beyond Telegram’s built-in wallet, and Ethena’s assets will be compatible with top TON-based non-custodial wallets, including Tonkeeper, MyTon Wallet, and TON Space.
This opens the door to a broader DeFi experience where Telegram users can save, trade, lend, and access other on-chain services through TON.
At the same time, Ethena plans to roll out payment integration with debit cards and Apple Pay by Q3. Pending regulatory approvals, Telegram users will soon be able to spend their tsUSDe rewards on real-world purchases.
The firm added that more Ethena-powered tools tailored to the TON ecosystem are also in development, to make on-chain finance as seamless as messaging.
The post Ethena Labs partners with TON to integrate USDe into Telegram ecosystem appeared first on CryptoSlate.
Read More
Ripple boosts Japanese startups with $200,000 XRP Ledger (XRPL) grants
RLUSD surpasses $300M supply as Ripple secures UAE backing
Ethena Labs partners with TON to integrate USDe into Telegram ecosystem
Ethena Labs, the team behind the synthetic dollar USDe, has announced a strategic partnership with the TON blockchain.
According to a May 1 statement, this move brings both USDe and its yield-generating counterpart, sUSDe, directly into the Telegram ecosystem.
Ethena said:
“This represents one of Ethena’s most meaningful launches to date. [Telegram] Users within [in emerging countries] can now all benefit from a globally accessible dollar savings vehicle via Ethena’s USDe right within their Telegram app.”
Yield opportunities
Ethena’s integration enables support for USDe inside Telegram’s native wallet and opens the door to stable yield-generating products directly within the chat environment.
To kick off adoption, Ethena will offer an extra 10% annual percentage yield (APY) to users holding Ton Staked USDe (tsUSDe) in non-custodial wallets.
The bonus, paid weekly in TON tokens, applies to holdings of up to 10,000 tsUSDe per user. This is in addition to the base yield earned through sUSDe.
Ethena is also introducing a “USDT Earn” feature. This allows users to deposit USDT and receive interest based on USDe’s performance, bridging the gap between traditional stablecoins and higher-yield synthetic assets.
Ethena compares its approach to successful digital savings products in Asia. According to the firm, social messaging platforms like WeChat attracted hundreds of billions in user deposits by integrating yield tools into their messaging apps.
Ethena believes the TON integration offers similar potential and is enhanced by sUSDe’s stronger return profile.
Fueling TON’s DeFi ecosystem
Meanwhile, the partnership will expand beyond Telegram’s built-in wallet, and Ethena’s assets will be compatible with top TON-based non-custodial wallets, including Tonkeeper, MyTon Wallet, and TON Space.
This opens the door to a broader DeFi experience where Telegram users can save, trade, lend, and access other on-chain services through TON.
At the same time, Ethena plans to roll out payment integration with debit cards and Apple Pay by Q3. Pending regulatory approvals, Telegram users will soon be able to spend their tsUSDe rewards on real-world purchases.
The firm added that more Ethena-powered tools tailored to the TON ecosystem are also in development, to make on-chain finance as seamless as messaging.
The post Ethena Labs partners with TON to integrate USDe into Telegram ecosystem appeared first on CryptoSlate.
Read More
Ripple boosts Japanese startups with $200,000 XRP Ledger (XRPL) grants