We have repeatedly emphasized on Twitter and Space that the stablecoin of the US dollar is an extension of the US dollar hegemony, which is a rigid requirement of Web3 and an important infrastructure for the future landing and development of RWA. This deep integration of Ethena and Telegram/Ton can be said to be the most strategic release so far, which is equivalent to the mainstream application scenario of USDe officially entering the hundreds of millions of user level. Simply understood, this design is similar to our Alipay's Yu'ebao, which can provide users with all-round storage and financial experience, which is a blessing for those countries with high inflation. Leveraging Telegram's over 800 million monthly active users and its natural social network reach, as well as its penetration in emerging markets such as Asia, Africa, and Latin America. Ethena has created a low threshold, native usable USD savings channel. By integrating with non custodial wallets such as TON Space and Tonkeeper, as well as Telegram's built-in wallet, users can easily stake USDe to earn sUSDe and tsUSDe rewards, with tsUSDe users receiving an additional 10% annualized return. In addition, Ethena will also provide a USD liquidity foundation for the DeFi ecosystem on TON, empowering the development of trading, lending, and derivatives. With the advancement of integration, Ethena has the potential to become a mainstream stablecoin savings tool in emerging markets, driving DeFi's evolution towards RWA services. Currently, there are 1.3 billion adults worldwide who do not have a bank account, accounting for 24%. This group of people cannot access traditional banking services, rely on cash economy, and face huge obstacles in savings, remittances, and credit. The significant collaboration between Ethena and Telegram/Ton, which can provide native "digital dollar savings" functionality, has great practical significance and market potential. Through the social fission characteristics of Telegram/Ton, this adoption is likely to grow exponentially, with enormous potential, and deserves long-term attention 🧐