The Ethereum-based artificial greenback protocol Ethena Labs has partnered with the TON blockchain in an effort to enhance USDe adoption. An official announcement by the platform this Thursday (May 1) revealed that USDe is now obtainable for Telegram’s large consumer base. Users can ship, save, and pay with a globally accessible greenback on one of the famend messaging apps on the globe.
Ethena Labs Partners TON Blockchain
Ethena Labs’ recent X post revealed that it partnered with the Ton blockchain to empower its globally accessible greenback, USDe. Following the collaboration, the digital greenback coin is now amongst the stockpile of property obtainable for varied makes use of on Telegram.
Meanwhile, the Ethereum-based artificial greenback has already expanded its foothold throughout the sector, now obtainable on over 20 chains. For context, USDe is a digital greenback crypto, powered by LayerZero’s OFT normal. Currently, it’s standing as one of the accessible, omnichain, yield-bearing stablecoins available in the market.
With this partnership and with the TON blockchain weighing in, the artificial greenback protocol has additional expanded its dominance. Primarily, the partnership focuses on three main product traces, Ethena Labs clarified. These are:
- USDe integration into all main non-custodial TON wallets, reminiscent of TON Space.
- Integration into Wallet in Telegram, the custodial crypto pockets in Telegram.
- Integration into main TON DeFi functions, the place the artificial stablecoin entity will help to energy buying and selling, financial savings, and lending use circumstances.
Meanwhile, the protocol’s native cryptocurrency, ENA, has additionally garnered important consideration amid the replace. ENA worth is up practically 3.5% over the day, in sync with the partnership announcement, buying and selling at $0.033. The coin surged from a low of $0.3036 previously 24 hours. However, a ENA price prediction by CoinGape revealed that the crypto is in bearish management, as per the 3-month bias indicator.
On the opposite hand, even Ton blockchain’s native coin, Toncoin, traded within the pink zone regardless of the partnership. TON worth was down practically 3% previously 24 hours, reaching $3.15. A TON price prediction by CoinGape additional revealed that even this coin faces bearish dominance in the mean time.
Coingape Staff
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