Ethena Labs and Ethena Foundation have announced a strategic partnership with the TON blockchain. Under this partnership, Ethena Labs, the team behind the synthetic dollar USDe will be working with TON Space Wallet, a self-custodial wallet by integrating their services into Messenger.
In keeping with this partnership, USDe and sUSDe will be directly linked into Telegram’s native wallet.
Up to 10,000 tsUSDe per wallet, eligible customers who have tsUSDe in a TONNE wallet can receive a 10% increase in yearly percentage yield on top of their current Ethena benefits.
As per the reports, Guy Young, Founder of Ethena, stated, “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.”
Since Telegram has a billion users and TON is integrated into Telegram, it will be a great place to introduce and spread USDe to people across the globe.
The collaboration aligns with Ethena’s 2025 expansion goals, which include the creation of a TON-based application and payments based on Telegram.
Also Read: TON Announces Toncoin Bridge Shutdown on May 10, 2025
