Ethena Labs is teaming up with the TON Foundation to bring its synthetic stablecoin, USDe, and its yield-generating version, tsUSDe, to The Open Network (TON). This move could open the door to simple, dollar-based savings for Telegram’s massive global user base—estimated at over 1 billion.
Starting May 2025, Telegram users will be able to buy, hold, and stake USDe directly within popular TON-compatible wallets like Telegram’s native Wallet, Tonkeeper, and MyTonWallet. The aim? Give everyday users an easy way to earn crypto yields without needing deep technical knowledge.
Earn in TON by Staking USDe
Users who stake USDe will receive tsUSDe, which pays out yield in TON tokens. To kick things off, Ethena is offering a 10% bonus APY in TON for users who stake up to 10,000 tsUSDe before the end of 2025.
This bonus aims to encourage early adoption while showcasing tsUSDe as a crypto-native alternative to traditional dollar savings accounts—designed specifically for the growing DeFi ecosystem on TON.
A Major Milestone for TON’s DeFi Push
The integration makes USDe one of the first major assets to bridge into the TON network using LayerZero’s cross-chain messaging protocol. Existing USDe holders will be able to seamlessly move their assets to TON through Stargate Finance, marking a milestone for multi-chain accessibility.
At launch, more than a dozen TON-native platforms—including Dedust and Ston.fi—will support USDe, giving users a range of decentralized finance options.
Simplifying Crypto for the Masses
What makes this integration special is its simplicity. With just a couple of taps, Telegram users—many of whom have never interacted with crypto—will be able to earn yield on their digital dollars. It’s a user-friendly approach that bridges the gap between everyday consumers and DeFi.
Ethena and the TON Foundation say more incentive programs and community-driven initiatives are on the way, all aimed at growing TON’s DeFi capabilities and turning Telegram into a hub for user-owned, dollar-backed finance.
