Ethena and TON Foundation partnered to introduce stablecoin products USDe and tsUSDe on the Open Network (TON) to enhance access to decentralized finance (DeFi) for over one billion Telegram users.
tsUSDe is now available on Telegram wallets, offering rewards on up to 10,000 tsUSDe per wallet, with users being able to earn 10% APY in TON plus rewards.
USDe and tsUSDe are officially deployed on TON, enabling users to use the stablecoins for decentralized lending activities, savings platforms, and other blockchain-based applications.
The long-term collaboration between Ethena and the TON Foundation aims to explore neobanking, payment integration, DeFi lending, trading interfaces, and potentially introduce a tsUSDe-linked debit card.