Ethena Labs, Ethena Foundation (together, “Ethena”), and TON Foundation today announced a strategic partnership aimed at accelerating the growth of TON’s on-chain economy through the deployment of Ethena’s USDe and sUSDe products across TON’s ecosystem.

Seamless wallet integration via The Open Platform

As part of this partnership, Ethena will integrate sUSDe natively within TON under the name “tsUSDe,” allowing Telegram’s global user base of over 1 billion users to access dollar-denominated savings directly within Telegram on both mobile and desktop.

This is made possible through two major integrations for Ethena: the first is in the custodial Wallet in Telegram and the second is in the TON Space wallet, the non-custodial wallet integrated in Telegram and developed by TON ecosystem incubator The Open Platform (TOP). These two integrations provide users with two easy entry points to earn and save on dollars on-chain. In addition to the Telegram native wallet, Ethena products will be integrated across other key TON wallets, including Tonkeeper, Tonhub, and MyTonWallet, ensuring broad accessibility and a seamless user experience.

Telegram’s users can access Wallet in Telegram and TON Space directly through both the mobile and desktop apps by simply searching for @wallet in the Telegram search bar or in the Telegram menu.

USDe and sUSDe go ecosystem-wide

Ethena’s USDe and sUSDe are now officially recognised across the TON ecosystem, available across the network for a variety of DeFi applications. These integrations position USDe and sUSDe as pivotal components within TON’s DeFi network. They will power a wide range of use cases and reinforce Ethena’s role as a catalyst for user growth and financial utility in the world’s most prestigious blockchain ecosystems.

Eligible holders of tsUSDe within major TON wallets will get a 10% APY boost in TON, and will also receive Ethena rewards on balances of up to 10,000 tsUSDe per wallet.

There are also plans to introduce a variety of additional reward programmes moving forwards that leverage the power of Ethena and TON to boost the APY for DeFi protocols on TON, and accelerate the growth of the blockchain’s DeFi ecosystem.

A foundation for future financial infrastructure on TON

This partnership marks the beginning of a long-term collaboration between Ethena and TON Foundation. Future initiatives under consideration include neobanking, peer-to-peer payments, and user-friendly interfaces for DeFi lending and trading, all powered by Ethena.

tsUSDe will soon be live across Wallet in Telegram, major TON wallets, and DeFi platforms. Users holding tsUSDe in wallets such as Telegram Wallet, TON Space, Tonkeeper, Tonhub, and MyTonWallet will be eligible for exclusive reward incentives.

Further details on the rollout and reward programs will be announced through the official x.com channels of Ethena and TON Foundation. The launch date for tsUSDe will follow shortly.

“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. “TON being natively accessible within Telegram and its billion plus users represents a perfect venue to distribute Ethena’s core product USDe as a dollar savings vehicle for global users. We’re also excited to bring payments and neobank functionalities to the application following this initial release as we continue to deepen our relationships with TON Foundation and in the TON ecosystem.”

“Bringing a reward-bearing dollar-adjacent asset natively to TON is a game-changer for unlocking the next phase of DeFi and PayFi on our network,” said Max Crown, CEO of TON Foundation. “With Ethena’s integration, users now have seamless and secure access to yield-generating dollar savings via tsUSDe, right inside Telegram. This is a major step forward in driving real financial utility, expanding user engagement within our ecosystem, and accelerating long-term growth throughout TON.”