Stablecoins are one of crypto's most versatile and adopted technologies. Pegged to external assets, such as fiat currencies like the US dollar, they provide a more stable medium of exchange and store of value. Stablecoins are widely used for making cross-border payments, as liquidity in DeFi protocols, to fulfil treasury operations, and as a valuable way to empower those in underserved markets with access to financial tools. Their stability and efficiency as a digital currency make them valuable to both institutions and everyday users.

Developing TON's ecosystem of stablecoins is a core pillar of TON Foundation's mission to onboard new users into crypto by building a Web3 platform inside Telegram. Providing users with the ability to transact in a familiar currency ensures that those who are unfamiliar with crypto can easily begin making payments and exploring TON's DeFi ecosystem. TON Blockchain supports a variety of stablecoins, encouraging competition amongst providers; ensuring users have access to the tokens that meet their unique needs; and helping to avoid dependence on a single issuer.

Why TON was made for stablecoins

Through TON Blockchain's exclusive partnership with Telegram, the ecosystem is uniquely suited to seamlessly integrate stablecoins as a major payment method and source of liquidity. Stablecoins also help empower TON's strongest use cases, such as SocialFi, by simplifying payment, lowering costs, and increasing accessibility.

Seamless payments: Through Wallet in Telegram and TON-integrated stablecoins, Telegram users can easily transfer money using familiar currencies within a familiar chat interface.

Low fees: Reduced transaction costs and radical simplicity make it easier and more affordable to fulfil microtransactions within Telegram's vast ecosystem of mini apps, benefiting creators and users.

Frictionless onboarding: Stablecoins offer a familiar, simple entry point for users new to crypto. The ability to hold value in USD-pegged tokens helps to onboard millions of Telegram users who might otherwise be hesitant to get into crypto.

DeFi liquidity: Stablecoins provide greater price stability and more accessible liquidity across TON Blockchain's DeFi protocols. They serve as one half of core trading pairs, as lending collateral, and as yield-generating assets.

Access in underbanked regions: In areas with limited physical banking infrastructure but high smartphone usage, TON-integrated stablecoins can offer an alternative to traditional finance. With just Telegram and an internet connection, users can send, receive, and store stable-value assets.

Built-in scalability: TON's architecture is designed for scale. Its high throughput, dynamic sharding, and fast finality allow the network to handle millions of transactions efficiently. As stablecoins move closer to mainstream adoption, this level of performance is essential not just for DeFi, but for real-world payments and global financial inclusion.

Stablecoins Available on TON

TON Blockchain supports a growing selection of stablecoins, each offering different benefits.

Tether (USDT)

As the most widely used stablecoin globally, USDT brings deep liquidity and broad exchange support to TON's ecosystem. Its integration into Wallet in Telegram, enables users to send and receive "digital dollars" instantly through Telegram chats. Its widespread acceptance also makes it ideal for remittances, savings, DeFi, and daily peer-to-peer payments.

Users can also spend USDT within Telegram Mini Apps and games, or withdraw it to external wallets and exchanges. For most users, USDT on TON offers the fastest and simplest path to stable, dollar-denominated transactions within Telegram.

Read more: USDT Comes to TON, USDt-TON Use Cases

Ethena (USDe)

USDe is a synthetic, yield-bearing stablecoin that maintains price stability through hedging on centralized and decentralized exchanges. On TON, USDe is natively supported and integrated across multiple DeFi protocols, enabling users to earn rewards through staking, liquidity provision, and more.

Its DeFi-native structure and yield-bearing design make USDe appealing to users who seek stablecoin utility with on-chain earning potential. With no reliance on fiat custodians, USDe offers a composable option that fits seamlessly into DeFi strategies.

Read more: Ethena partners with TON Foundation to launch USDe on TON, Ethena's Boost Campaign

First Digital USD (FDUSD)

FDUSD is a fiat-backed stablecoin issued by First Digital Group, pegged 1:1 to the US dollar and built on a regulated trust framework. Backed by reserves held in segregated accounts and verified through monthly audits, FDUSD offers users and institutions a transparent, compliance-focused option for holding and transferring digital dollars.

On TON, FDUSD is natively integrated and supports fast, low-cost transfers across Telegram and TON-based dApps. Its hybrid model, combining fiat reserves with algorithmic supply tools, aims to maintain peg stability while offering a reliable, low-volatility choice for users prioritizing regulatory clarity and custodial confidence.

Read more: First Digital's USD Stablecoin is Natively Live on TON

Telegram USD (tgUSD)

tgUSD is a cross-chain, yield-bearing stablecoin developed by Torch Finance. Backed 1:1 by USDT at launch, it lets users mint and stake tgUSD to earn yield aggregated from DeFi protocols across Ethereum, Solana, Aptos, and more.

Built for Telegram, tgUSD integrates with mini apps and supports payments via Torch Pay (coming soon). With a mobile-first interface, smart contract audits, and an active risk framework, tgUSD offers a user-friendly, yield-generating stablecoin tailored for everyday use on TON.

Read more: Torch Finance Launches tgUSD

How stablecoins are used across TON's ecosystem

Stablecoins are deeply embedded in TON Blockchain's infrastructure, enabling a stable, liquid, and user-friendly financial layer that supports both everyday users and institutional participants.

Payments

Stablecoins like USDT, USDe, and FDUSD are supported in all major TON wallets, including TON Wallet, Tonkeeper, and MyTonWallet. Users can send and receive stablecoins instantly. USDT, for example, can be transferred instantly via Telegram chats, making digital dollar payments as simple as sending a message.

Trading and Liquidity

On decentralized exchanges like TONCO, stablecoins anchor key trading pairs, helping to reduce volatility and improve liquidity. Their presence supports smoother swaps, better price stability, and a more reliable experience for traders and liquidity providers.

DeFi and Yield

Stablecoins enable lending, staking, and liquidity mining across TON's DeFi protocols. For instance, USDe is integrated into DeFi platforms like Affluent, FIVA, EVAA, and STON.fi. These options drive higher TVL and expand stablecoin utility across the network.

User and Ecosystem Growth

Stablecoins lower the barrier to entry for Telegram's global user base by offering a familiar digital dollar experience. Their integration drives adoption, supports new financial use cases, and strengthens TON's position as a practical, scalable blockchain for real-world finance.

The Future of Stablecoins on TON

As TON's infrastructure evolves in 2025, stablecoins are expected to play an even more central role in the network's financial ecosystem. Growing adoption across TON wallets and mini apps is unlocking new use cases, such as programmable payments, cross-border payroll, micro-subscriptions, and stable-value remittances.

By providing a familiar, low-volatility entry point, stablecoins will continue to drive user onboarding and everyday adoption. With its mobile-first architecture and seamless integration into Telegram, TON Blockchain is well positioned to become a primary hub for stablecoin usage, powering practical, real-world finance for both individuals and institutions.