Decentralized stablecoin platform Ethena has partnered with The Open Network (TON) to make its stablecoins available to Telegram’s user base of over one billion people.

The partnership, announced on May 1 at Token2049 in Dubai, will see the deployment of Ethena’s USDe (USDE) and Ethena Staked USDe (sUSDe) natively within the TON blockchain.

The sUSDe variant will be integrated under the name tsUSDe, enabling Telegram users to access US dollar-denominated savings directly within Telegram.

Source: Kirill Malev

The deployment involves two major Ethena integrations, including one in the custodial Wallet in Telegram and the second in the TON Space wallet, a non-custodial wallet integrated in the messenger.

One of Ethena’s “most meaningful launches”

Announcing the news on X, Ethena described its TON integration as “one of Ethena’s most meaningful launches to date.”

“Telegram has truly global distribution across its billion users, with presence in emerging economies in regions like Asia, Africa and Latin America,” it added.

Source: Ethena

According to Ethena, the integration will be progressively rolled out in stages in May, as the deployment involves three major product lines, including support by Wallet in Telegram, non-custodial wallets like TON Space and TON Keeper, as well as TON apps.

This is a developing story, and further information will be added as it becomes available.

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