TON Welcomes tsUSDe Stablecoin Integration, Enabling Passive Yield and DeFi Opportunities via Telegram Wallets

Published: 2025-05-13 16:15:02 |

Ethena has integrated its US dollar-pegged stablecoin, USDe, and its staked variant, tsUSDe, into The Open Network (TON) blockchain. This move allows Telegram’s vast user base to access passive yield opportunities directly from their Telegram wallets, including both the official custodial wallet and the non-custodial TON Space wallet. From May 1, USDe and tsUSDe have become available across the TON ecosystem. Holders of tsUSDe in major TON wallets can earn a base yield of around 10% APY, paid in TON tokens, with the potential for additional Ethena rewards. For traders seeking higher returns, tsUSDe can be paired with TON for liquidity provision on decentralized platforms like STON.fi and DeDust. These platforms offer liquidity pools and farming rewards, with APYs on STON.fi sometimes surpassing 30%. Key benefits include non-custodial asset management, dollar-linked stability, and amplified yields, catering to both retail and institutional participants. Ethena’s stablecoin model uses derivatives to uphold its dollar peg and generate yield, while the TON Foundation has also tokenized $500 million in Telegram bonds for on-chain institutional products. This integration follows recent TON stablecoin developments, including USDT integration, positioning tsUSDe as a leading yield-generating option in the DeFi space on TON. Traders should note potential risks such as impermanent loss, smart contract vulnerabilities, and depegging. The entry process is user-friendly, requiring only wallet connection, selection of a tsUSDe/TON pool, token deposits, and staking LP tokens. As demand grows for transparent, yield-driven dollar assets, tsUSDe could stimulate DeFi adoption and enhance accessibility for over one billion Telegram users.

Bullish

The integration of tsUSDe and USDe stablecoins into the TON blockchain, combined with direct access via Telegram wallets and high-yield opportunities on DeFi platforms like STON.fi and DeDust, significantly enhances the utility and attractiveness of TON and tsUSDe. These developments expand the user base, increase on-chain liquidity, and promote DeFi adoption, especially by leveraging Telegram’s massive global audience. While risks such as impermanent loss and depegging persist, the ease of access, high yield, and continued stablecoin innovation suggest strong demand and a positive price outlook for TON and related assets in both the short and long term.