Ethena's Partnership with TON: Aiming for a $4 Surge in TONUSDT
Ethena Labs collaborates with TON Foundation to integrate the USDe stablecoin, targeting Telegram's vast user base. Is a rise above $4 for TONUSDT on the horizon?
Ethena Labs recently unveiled a collaboration with the TON Foundation aiming to incorporate the USDe stablecoin, which seeks to utilize Telegram’s extensive user base of over 1 billion globally. Will the price of TONUSDT rise above $4?
Ethereum-based Ethena Labs is making significant progress with its delta-neutral stablecoin USDe, boasting a market cap exceeding $4.5 billion. As USDe gains more traction in the synthetic stablecoin sector, many speculate whether it could rival established players like USDT and USDC.
Ethena’s New Partnership with TON Foundation
Today, Ethena announced a crucial deal with the TON Foundation to embed USDe into their blockchain system. The partnership opens up opportunities to utilize Telegram’s platform effectively, enhancing user access to DeFi services.
The Future of USDe on TON Blockchain
Despite USDT’s dominance, the evolving nature of USDe, which employs crypto collateral rather than traditional assets, positions it to attract puritan users seeking liberty in financial transactions. The introduction of USDe is expected to start in May 2025.
Can TONUSDT Surpass the $4 Mark?
The prospects of TONUSDT depend on how USDe performs and if it can capture significant transaction volumes, thus fueling demand for TON. With market dynamics shifting, crossing the $4 threshold could signal a turning point for TON holders after recent downturns in early 2025.
Quote from Ethena Labs: “We are thrilled to announce our collaboration with @ton_blockchain, empowering a new era of finance accessible to billions through Telegram.”
Are you ready to witness a potential surge in TONUSDT?
