Telegram Partners with Affluent to Offer 3.5% APY on USDT in App

Telegram has partnered with DeFi protocol Affluent to offer users up to 3.5% annual percentage yield (APY) on their USDT holdings within the Telegram Wallet app. This initiative aims to make DeFi more accessible for over 100 million potential wallet users, according to Egor Danilov, Chief Product Officer of Telegram Wallet. Users can now earn interest directly within the app without needing complex processes or external exchanges. The partnership leverages the TON blockchain’s existing infrastructure for yield generation and securely manages user assets, simplifying DeFi integration for Telegram’s vast user base.