Ethena partners with TON to offer USDe to one billion Telegram users
Summary
Ethena has partnered with The Open Network (TON) to offer its stablecoins to Telegram's user base of over one billion. Ethena's USDe and Ethena Staked USDe (sUSDe) will be deployed on the TON blockchain, with sUSDe integrated as tsUSDe for Telegram users to access dollar-denominated savings. The integration includes Ethena's custodial Wallet in Telegram and the non-custodial TON Space wallet. Ethena describes this as a significant launch, highlighting Telegram's global reach, especially in emerging markets. The rollout will occur in stages throughout May, involving multiple product lines and wallets.
