Wallet in Telegram, Telegram’s custodial wallet app, is today launching yield functionality for dollars held within the application. This gives Telegram’s 1 billion users, and TON’s $750m dollars direct access to savings-like functionality on digital dollars for the first time, natively within Telegram’s Wallet app.

Ethena is integrated in the backend of the Wallet in Telegram earn product to power the dollar savings available to users.

Users will be able to earn rates aligned with other Ethena promotional programs, though at launch, there will be a boost such that USDT holders in Wallet can earn up to 15% APY for a limited period of time.

USDT Dominance on TON is one of the highest on any chain today, with a 90% share of stablecoin market cap, with the other 10% denominated in USDe. There is over $770m USDT on TON today with no earning facility available to users.

As of today, that $770m of USDT has the ability to earn up to 15% APY in just one step within the Telegram Wallet app.

This means that many of Telegram’s users can now touch a savings account-like experience directly within their phones, in an app they use every day.

Accessing Dollar Savings on USDT

Accessing the product will be as simple as using Wallet inside the Telegram messaging app, then acquiring USDT and depositing it into the “Dollars” section on the “Earn” page of the wallet. Rewards will be paid regularly and withdrawals will be settled near instantly.

Video Walkthrough

See here for a video walkthrough of the Earn product in Telegram Wallet.

Wallet Ecosystem

This launch within Wallet in Telegram sits alongside the integration of Ethena into non-custodial TON wallets like Tonkeeper and MyTonWallet, which are for more advanced users who want to directly interface with a DeFi environment, powered by USDe and tsUSDe.

Wallet in Telegram abstracts away a lot of the complexity of DeFi products and simplifies functionality into one click earn products. As a result, most Telegram users that touch crypto do so using Wallet in Telegram, and most of the >$750m dollars on TON are only accessible via Wallet in Telegram.

Earlier in 2025, Wallet launched trading and yield functionality for TON. As of today, one-click savings functionality and rewards for USDT holdings are introduced to the native Wallet in Telegram ecosystem for the first time.