Ethena, a developer known for synthetic stablecoins, has embarked on a collaboration to merge its digital currencies, USDe and sUSDe, with the Telegram ecosystem. Working alongside Ethena Labs and the Ethena Foundation, the TON Foundation intends to provide fresh investment possibilities to Telegram’s user base while substantially extending Ethena’s international influence. Through this strategic integration, Telegram users gain access to new assets known as tsUSDe directly through their Telegram wallets, with the potential for an annual yield of up to 10%.
What Does Ethena’s Telegram Wallet Integration Offer?
Telegram’s official release underlines that Ethena offerings are accessible not just through the platform’s native wallet but also through other wallets compatible with the TON blockchain, like Tonkeeper and TONHub. This advancement signifies a key milestone for both the digital currency sector and Telegram’s role in the Web3 landscape.
Eligible holders of tsUSDe can benefit from an added annual return that may reach 10%, capped at 10,000 tsUSDe per individual. This feature allows for returns exceeding the current rewards Ethena provides.
Will Ethena’s 2025 Goals Reshape the Financial Landscape?
Ethena’s 2025 agenda goes beyond this wallet integration, as it includes plans to develop niche applications within the TON network. The company aims to deliver payment services through Telegram and establish USDe as a savings mechanism indexed to the U.S. dollar for users worldwide.
Guy Young, the founder of Ethena, has highlighted the considerable opportunity presented by Telegram’s expansive global reach. He pointed out that TON’s seamless integration with Telegram, boasting a user base exceeding one billion, offers an unparalleled channel for promoting USDe as a universal savings tool.
While Ethena Labs is the creator of the synthetic dollar protocol known as Ethena, the Ethena Foundation operates as an autonomous body responsible for the ecosystem’s growth and maintenance. This division supports broader opportunities for product innovation and community development.
The market value of USDe stands at $4.7 billion, with a 24-hour trading volume reaching $114.4 million as of April 30, 2025. Its total supply is 4.67 billion, placing it third among stablecoins, following Tether‘s USDT and Circle’s USDC.
Key insights from Ethena’s integration reveal:
- The integration targets a global audience through Telegram’s platform.
- A decentralized and rewarding ecosystem is crucial for USDe’s rapid expansion.
- The collaboration with TON could facilitate the next stage of Ethena’s impact in the crypto sector.
Ethena’s strategic initiatives seem poised for success in driving innovative financial solutions. With its collaboration with Telegram, Ethena is on course to not only expand its reach but to also redefine the landscape of stablecoin usage on a global scale.
