Ethena is expanding to @ton_blockchain, introducing a new kind of stablecoin to the TON ecosystem Built for crypto-native stability, Ethena’s flagship product, USDe, is a synthetic dollar that maintains its peg not through fiat reserves, but through a delta-neutral strategy It holds long positions in yield-generating assets like ETH and stETH, while simultaneously shorting ETH perpetual futures to hedge volatility This structure makes USDe fully on-chain, non-custodial and free from reliance on traditional banking infrastructure Compared to centralized stablecoins like $USDT or $USDC, USDe offers a censorship-resistant and scalable alternative that aligns more closely with the values of open finance Its arrival on TON enables native stablecoin payments, DeFi-native savings with tsUSDe, and new opportunities for builders and users within Telegram’s fast-growing ecosystem Rather than relying on speculation, this move strengthens the foundation for real adoption, giving $TON users access to transparent, decentralized tools that can power everyday financial use Learn more at