Telegram’s integrated crypto wallet has launched a feature called “Vaults” that allows users to earn returns on Bitcoin, Ether, and Tether’s USDT directly within the messaging app. The service, which aims to simplify decentralized finance for everyday users, operates on DeFi infrastructure from Morpho, TON Applications Chain, and Re7. Wallet in Telegram reports having over 150 million registered users.
Telegram’s built-in crypto wallet has introduced “Vaults,” a new feature enabling users to earn returns on major cryptocurrencies. This update allows users to hold, send, and earn on Bitcoin (BTC), Ether (ETH), and Tether’s USDt (USDT) without leaving the chat interface.
The system runs on decentralized finance infrastructure provided by lending network Morpho, the TON ecosystem’s execution layer TAC, and strategy provider Re7. The tools operate in the background, while users interact with a simple interface similar to a typical app wallet.
“At Wallet in Telegram, our mission is to transform digital assets from complex concepts into practical tools for everyday life,” said Andrew Rogozov, CEO of The Open Platform and Wallet in Telegram. The goal is to make earning on crypto easier by removing technical steps normally associated with DeFi services.
The vault strategies generate variable returns and allow users to keep control of their funds through self-custody. Telegram also plans to support direct deposits of native Bitcoin and Ether, which will automatically appear in wrapped form within the TON ecosystem.
Earlier this month, the TON Foundation introduced TON Pay, a payments software development kit for merchants. This allows them to accept cryptocurrency directly within Telegram.
Telegram significantly increased its operating revenue, reporting $870 million in the first half of the year. Roughly $300 million of this revenue came from exclusivity agreements tied to its associated cryptocurrency Toncoin (TON).
