Ethena Labs Launches USDe on TON Blockchain With Ston.fi, Offering Up to 18% APY to 1 Billion Telegram Users

Ethena Labs has launched USDe, a synthetic dollar, on the TON blockchain, integrated with the TON ecosystem and accessible through major TON wallets including TON Space, Tonkeeper, MyTonWallet, and TonHub. This launch enables users, potentially up to 1 billion Telegram users, to earn up to 18% annual percentage yield (APY) on their crypto dollars. The yield includes a base variable rate of approximately 8% on tsUSDe, with an additional 10% APY from TON ecosystem rewards. Ston.fi now offers USDe directly through its decentralized application, providing sustainable, non-speculative reward opportunities. The USDe staking program is planned to last for 16 weeks, with the highest APY rates available in the initial four weeks before gradually decreasing. The integration marks a milestone for decentralized finance (DeFi) on the TON blockchain, expanding accessible crypto savings products to a large user base via Telegram wallets.

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