Big news has come out in Crypto Range. Decentralized StableCoin platform Ethena Has announced an important partnership with The Distinguisable Community (Ton), which aims to provide StableCoin features to more than one billion of telegram users. The partnership was officially declared officially at the Token2049 Dubai event.
Ethena Stablecoin’s Netve Integration will be on Ton
Under this collaboration, Ethena’s major StableCoin Usde and its staked version will be available in Netve form on TON blockchain. The special thing is that Susde will now be known as Tsusde and it will offer telegram users directly within the application.
There will be support in both custodial and non-custodial wallet
Ethena and Ton This partnership will be based on two major integration.
Custodial pockets integration: In-belt wallet of Telegram in which users will be able to use Tsusde directly.
Non-custodial pockets integration: Tsusde will also be supported in wallets like Ton Range and Ton Keeper that give full control to users on their funds.
Financial access for global users
Ethena has described this integration as its most important launch ever. On its X (East Twitter) account, the company said:
“The use of Telegram is very high in the world worldwide, especially in the emerging markets like Asia, Africa and Latin America. In such a situation, Tsusde will give these users directly to digital dollars saving.”
This initiative is considered a big step in adopting the mainstream of the web3 Finance.
Ambitious rollout process will start in May
According to Ethena, this partnership will be implemented gradually in May. Its rollout will be in three major product lines.
-
Tsusde access through pockets in telegram
-
Integration in wallets like Ton Range and Ton Keeper
-
New opportunities for support and use in ton based application
What is the advantage of Tsusde?
TSUSDE, ie Ton Community, is a dollar-dinominated stablecline that will also provide users to the users of returns on savings. This can become an option of traditional bank service for web3 users.
Conclusion
Ethena and Ton’s partnership can bring a big change in the world of Crypto and Financial Technology. The arrival of Tsusde on a large platform like Telegram can make it an important step towards adopting it at the user level.
Also read:Bitcoin Worth Prediction, Bitcoin once again in the headlines
