Ethena Labs, the company behind the synthetic dollar USDe, has announced a strategic partnership with the TON Blockchain, supported by the TON Foundation. This collaboration will integrate Ethena’s stable assets into TON Space Wallet, the self-custodial wallet within Telegram Messenger.

This integration will allow users to access USDe and its staked counterpart sUSDe directly through Telegram’s native wallet interface, significantly enhancing accessibility for a global audience.

USDe Comes to Telegram: A Step Toward Mass Adoption

With Telegram’s user base crossing one billion, this partnership places Ethena in a unique position to onboard new users at scale. By integrating with TON, Ethena can leverage Telegram’s distribution network, making stable digital assets more accessible and usable in everyday messaging platforms.

The partnership also includes plans to develop TON-based applications and payment features tailored for Telegram, aligning with Ethena’s broader expansion goals for 2025.

Exclusive Yield Boost for TON Wallet Users

To incentivise adoption, Ethena is offering a 10% APY boost for eligible users. Wallets holding up to 10,000 tsUSDe in a TONNE wallet will receive an additional 10% yield on top of their existing Ethena benefits.

Introducing the product for a billion people:

Today we announce our partnership with @ton_blockchain to power finance's most powerful use case:

To send, save and pay with a globally accessible dollar

Internet money, now available for @Telegram's billion users

Details below: pic.twitter.com/oFjUvVX1CN

— Ethena Labs (@ethena_labs) May 1, 2025

This reward mechanism not only adds value to users but also encourages early adoption of USDe within the TON ecosystem. It is a strategic move to drive liquidity and user engagement across both platforms.

Leadership Commentary and Future Vision

Guy Young, Founder of Ethena, commented on the partnership:

“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.”

With this move, Ethena is not just aiming for technical integration but also laying the groundwork for mainstream adoption of decentralised stable assets. By embedding USDe into everyday apps like Telegram, Ethena moves closer to making synthetic dollars a practical tool for users around the world.

The Ethena-TON partnership represents a forward-looking strategy to fuse stablecoins with mass-market platforms. With Telegram’s global reach and TON’s scalable blockchain, USDe is poised to become more accessible, practical, and widely adopted than ever before.