Ethena Adds USDe and tsUSDE to TON Blockchain

Ethena Labs, a synthetic Ethereum-based dollar protocol, has integrated its synthetic stablecoin USDe and tsUSDe into the TON network. This move, in collaboration with TON Blockchain, allows Telegram users to access the dollar-pegged tokens directly from the app.  

Additionally, Ethena has also integrated the stablecoin USDe into TON’s decentralized automated market maker, STON.fi. Users will be able to stake and swap directly through the DeFi platform.  

The dollar protocol is also offering up to 18% annual yield for users staking tsUSDe. The offer will last up to 16 weeks, with a 10% offering for the first four weeks and then a gradual decline to 8% till the campaign ends. Ethena is leveraging TON’s massive user base to promote access to its stablecoin and enhance adoption.