Ethena and TON Foundation Partner to Launch tsUSDe, Bringing DeFi Dollar Savings to Telegram’s 1 Billion+ Users

Ethena Teams Up with TON Foundation to Bring DeFi Dollar Savings to Telegram

Ethena Labs, Ethena Foundation, and the TON Foundation have announced a landmark partnership designed to accelerate the expansion of the TON blockchain’s on-chain economy. At the heart of this collaboration is the launch of tsUSDe, a yield-bearing dollar-pegged asset powered by Ethena, which will be natively integrated across Telegram and TON growing suite of DeFi platforms.

With Telegram boasting over 1 billion users, the integration marks a significant leap forward for on-chain finance accessibility — bringing frictionless, yield-generating digital dollar savings into one of the world’s most widely used messaging platforms.

Seamless Integration into Telegram Wallets

As part of the rollout, tsUSDe (TON-native sUSDe) will be embedded directly into Telegram’s custodial Wallet and TON Space, its non-custodial wallet developed by The Open Platform (TOP), an incubator within the TON ecosystem.

Telegram users — on both desktop and mobile — can access these wallets simply by searching for @wallet in the app, enabling easy access to tsUSDe and the ability to earn yield in just a few taps.

In addition to Telegram's integrated wallets, tsUSDe will also be supported by major TON wallets including Tonkeeper, Tonhub, and MyTonWallet, ensuring a seamless and accessible experience for a wide range of users.

USDe and sUSDe Go Ecosystem-Wide on TON

This partnership marks the official recognition of USDe and sUSDe across the TON ecosystem, making them available for a variety of DeFi applications. As a result, Ethena’s dollar-pegged products are now set to become key building blocks in TON’s growing decentralized finance infrastructure.

Eligible holders of tsUSDe in approved wallet will benefit from a 10% APY boost in TON tokens, along with additional Ethena rewards on balances up to 10,000 tsUSDe per wallet. More incentive programs are planned to drive adoption and deepen engagement with DeFi protocols throughout the TON ecosystem.

A New Era of Digital Finance Inside Telegram

The collaboration signals the start of a long-term strategic relationship between Ethena and the TON Foundation. The partners aim to build a next-generation financial layer on TON, with future features under consideration including:

Neobanking tools

Peer-to-peer payments

User-friendly interfaces for DeFi lending and trading

With tsUSDe now rolling out across Telegram wallets and DeFi apps, TON and Ethena are laying the groundwork for real financial utility at a global scale.

Leadership Commentary

“Our partnership with TON Foundation marks a significant milestone for Ethena, and we’re excited to join forces with one of the largest distribution platforms and fastest-growing blockchain networks in the world,” said Guy Young, Founder of Ethena.

“Telegram’s billion-plus users represent the perfect venue to distribute Ethena’s core product, USDe, as a global dollar savings vehicle.”

Max Crown, CEO of TON Foundation, added:

“Bringing a reward-bearing dollar-adjacent asset natively to TON is a game-changer. With Ethena’s integration, users now have seamless and secure access to yield-generating dollar savings via tsUSDe, right inside Telegram.”

Launch Timeline and Next Steps

The official rollout of tsUSDe is underway, with availability coming to Telegram Wallet, TON Space, and major TON-compatible wallets in the coming days. Further updates, including launch dates and expanded reward programs, will be shared via the official X (Twitter) accounts of Ethena and TON Foundation.