tsUSDe Stablecoin to Launch in Custodial and Non-Custodial Wallets on Telegram
Ethena, the decentralized stablecoin protocol behind USDe and its yield-bearing counterpart sUSDe, has announced a major partnership with The Open Network (TON) to make its stablecoin products natively available to Telegram’s more than one billion users.
Unveiled on May 1 during the Token2049 conference in Dubai, the collaboration marks one of Ethena’s most ambitious integrations to date.
As part of the initiative:
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USDe and Staked USDe (sUSDe) will be deployed natively on TON.
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sUSDe will be launched under the name tsUSDe and will provide Telegram users with access to US dollar-denominated savings directly within the Telegram interface.
“Telegram has truly global distribution across its billion users, with presence in emerging economies in regions like Asia, Africa, and Latin America,” Ethena stated on X.
Ethena @ethena_labs 🤝 the Wallet @wallet_tg
Through this partnership millions of users are getting an access to the native USDe
Happy to see Guy and Halil on stage! pic.twitter.com/TdqPkPmevx
— Kirill Malev | malev.ton (@playittodeath) May 1, 2025
Seamless Integration Across Telegram Wallets
The rollout involves integrations across three major product lines:
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Custodial Wallet in Telegram – enabling users to access tsUSDe directly within the app.
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TON Space – Telegram’s non-custodial wallet, offering full self-custody support.
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TON Apps and TON Keeper – providing broader DeFi functionality within the TON ecosystem.
According to Ethena, the integration will be progressively rolled out during May, expanding access to decentralized savings options for a massive global audience.
“This is one of Ethena’s most meaningful launches to date,” the company said in its announcement.
Introducing the product for a billion people:
Today we announce our partnership with @ton_blockchain to power finance’s most powerful use case:
To send, save and pay with a globally accessible dollar
Internet money, now available for @Telegram‘s billion users
Details below: pic.twitter.com/oFjUvVX1CN
— Ethena Labs (@ethena_labs) May 1, 2025
Expanding Access to Dollar-Denominated Savings Globally
By partnering with TON, Ethena taps into one of the largest messaging platforms in the world with native crypto capabilities, especially among users in emerging markets, where demand for stable dollar-denominated assets remains high.
This integration positions tsUSDe as a financial tool for billions, with use cases ranging from cross-border payments and savings to DeFi participation — all within the Telegram interface.
Final Thoughts: A Major Leap for Stablecoins in Emerging Markets
Ethena’s partnership with TON could represent a breakthrough moment for stablecoin adoption at scale, offering a frictionless experience for Telegram users who may be new to crypto.
With demand for stable savings products growing across the Global South and Asia, the launch of tsUSDe on TON could help redefine how stablecoins are accessed, distributed, and utilized in everyday life — directly through the world’s most widely used messaging app.
