The wait is over.

USDe, the synthetic dollar by Ethena, is now officially live on TON—along with tsUSDe, its staked counterpart. This marks a major milestone in TON’s vision of making DeFi usable for everyday people. For the first time, users can earn on USD-denominated assets directly inside Telegram without sacrificing security and custody of their digital dollars.

This launch follows the previously announced partnership between Ethena and TON Foundation, and marks the start of a 16-week campaign offering up to 18% APY for eligible users.

What is USDe and tsUSDe?

USDe is a synthetic dollar designed to maintain its dollar peg while accruing real APY. Unlike traditional synthetic dollars backed solely by fiat or cash equivalents, USDe is supported by delta-neutral strategies that aim to deliver sustainable on-chain returns.

When users stake USDe on TON, they receive tsUSDe—a TON-native version of the token that generates APY and unlocks additional rewards on TON. This gives holders a simple way to grow their savings without leaving the TON ecosystem.

Earn Crypto on TON with tsUSDe: Campaign Details

For a limited 16-week period, eligible users can earn a boosted APY by holding tsUSDe in their TON wallet.

How to Acquire USDe

USDe and tsUSDe are now available across all major TON non-custodial wallets, including TON Space (available at Wallet in Telegram), Tonkeeper, Tonhub, and MyTonWallet.

To start earning with tsUSDe, users first need to acquire USDe. There are three main ways to do that:

1. Buy on TON-native DEXs

Use decentralized exchanges like STON.fi and DeDust to swap supported assets for USDe.

2. Bridge from other chains

Already have USDe? Bring it over to TON using Stargate Finance, a cross-chain bridge.

3. Withdraw from centralized exchanges (CEXs)

USDe is also available on major centralized exchanges, including:

• Bybit
• MEXC
• Bitget
• Gate.io

As part of the launch campaign, Bybit and MEXC are offering gas-free USDe withdrawals to TON wallets, letting you move USDe without incurring network fees.

In addition, select exchanges now offer zero-fee trading between USDt and USDe, making it easier and more cost-effective to convert and move your funds into the TON ecosystem.

How to Stake USDe and Earn APY

1. Open any supported TON wallet

Choose from TON Space, Tonkeeper, Tonhub, and MyTonWallet.

2. Deposit USDe

Acquire and deposit USDe into your preferred TON wallet.

3. Stake USDe to receive tsUSDe

Follow the staking prompt in your wallet interface to convert your USDe into tsUSDe.

4. Hold tsUSDe in your wallet

APY accrues automatically as long as tsUSDe remains in your wallet.

5. Complete a quick verification to confirm your eligibility for boosted rewards

Your connected wallet must meet two conditions: It must meet eligibility criteria, and it must hold at least 10 TON and 10 tsUSDe tokens.

If you’re not eligible for the boost campaign, you’ll still earn Ethena’s base of ~8% APY just by holding tsUSDe in your wallet.

Note: Each user may only participate in the boost campaign once. Submitting multiple applications through different Telegram accounts or wallets is strictly prohibited and will result in disqualification from all rewards.

A Partnership Between Ethena and TON Foundation

Earlier this month, Ethena and TON Foundation joined forces with a shared mission: to make digital dollar savings accessible to everyone, starting with Telegram’s 1+ billion users. Together, we’re building a simpler, more inclusive financial future—one where earning on your dollars is as easy as opening a chat.

This launch marks just the beginning.