In these days when Bitcoin and altcoins are expected to rise, news of a partnership came from two altcoins.
Ethena Labs and the Ethena Foundation announced on Thursday that they have partnered with the TON Foundation to introduce synthetic stablecoins USDe and sUSDe to the Telegram ecosystem, The Block reported.
With this partnership, Ethena’s products USDe and sUSDe will now be included within the TON ecosystem, and Ethena will integrate sUSDe into TON as “tsUSDe” to allow users to directly access the asset via Telegram.
Additionally, as part of the partnership, Ethena products will be integrated into Telegram’s native wallet and other TON-compatible wallets, including Tonkeeper and TONHub.
Guy Young, Founder of Ethena (ENA), said:
“Our partnership with the TON Foundation represents a significant milestone for Ethena, and we are excited to join forces with one of the world’s largest distribution platforms and fastest-growing blockchain networks.
“The fact that TON is natively accessible within Telegram and its billions of users provides the perfect place to deploy Ethena’s core product, USDe, as a dollar-saving tool for global users.”
*This is not investment advice.