CryptoMediaClub
Friday, August 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Telegram Gets Its First Native DeFi Lending App With Affluent Launch

16.06.2025
A A
0
118
VIEWS
ShareShare

Affluent, a mini app built on The Open Network (TON), is bringing decentralized finance directly into Telegram’s messaging ecosystem.

Key Takeaways:

  • Affluent has launched as Telegram’s first native DeFi app, offering lending and yield strategies on TON.
  • The project targets both retail savers and institutional liquidity providers within Telegram’s vast user base.
  • A new points program aims to boost engagement, starting with deposits into the TON multiply vault.

The project officially launched Monday, offering users lending pools and crypto yield strategies in a streamlined format designed to function within the Telegram interface, the project said on X.

Co-founded by Justin Hyun, a former director of the TON Foundation, and Hyung Lee of DeFi R&D group B-Harvest, Affluent aims to transform Telegram into a financial super app.

Affluent Targets Retail Savings and Institutional Liquidity in DeFi Push

The project promises to simplify crypto savings for retail users while offering deep liquidity access for institutional players.

Affluent aims to “bring real, trustless asset management to Telegram’s billion-user ecosystem,” the project said on X, positioning the app as a “smart bank for crypto.”

The strategy mirrors the success of super apps like WeChat, which seamlessly blend messaging, payments, and financial services in a single user environment.

By embedding DeFi functionality directly into a platform with over 900 million users, Affluent sidesteps many of the usability challenges that have long hampered broader DeFi adoption.

Telegram users will now be able to access lending and yield products without leaving the app.

“Affluent is launching a points program to incentivize users for various activities. The first action is to deposit into the TON multiply vault,” the project said.

6/ What’s next?
• USDT Multiply Vault: Stablecoin denominate delta-neutral engine for risk-adjusted yield
• Strategy Vaults composable with BTC, Gold, U.S. Treasury, Tokenized Private Credit
• Payment from your vault: Collateralization and payment from your vault tokens
•…

— Affluent (@AffluentOrg) June 16, 2025

Although Telegram distanced itself from TON after regulatory issues forced it to shelve its original blockchain ambitions in 2020, the platform formally backed TON in September 2023.

That endorsement has since accelerated development across the ecosystem, with Affluent now marking a notable step forward in integrating DeFi into Telegram’s daily user experience.

Telegram Shuts Down Channels Linked to Xinbi and Huione

In May, Telegram took down thousands of channels tied to the Chinese-language marketplaces Xinbi Guarantee and Huione Guarantee after a report by blockchain analytics firm Elliptic exposed their role in over $35 billion worth of illicit transactions, largely using Tether (USDT).

Xinbi alone has seen at least $8.4 billion in USDT since 2022, while Huione accounts for at least $27 billion, offering services ranging from fake IDs to money laundering.

These marketplaces operate openly within Telegram’s group infrastructure, connecting vendors and buyers for illegal goods and services.

Huione, reportedly linked to Cambodia’s ruling elite, sells everything from personal data to intimidation-for-hire services.

Xinbi, with over 233,000 users, offers services in categories like crypto laundering, forged documents, SIM cards, and access to stolen databases.

The platforms have become a go-to for laundering proceeds from pig butchering scams, which are frauds that combine romance or investment lures to steal large sums in crypto.

The post Telegram Gets Its First Native DeFi Lending App With Affluent Launch appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies
All news

South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies

29.08.2025
0

The Governor of the South Korean Central Bank says Seoul is planning to use its Central Bank Digital Currency (CBDC)...

Read moreDetails
Bitcoin Price Prediction: $1B Bets & Nasdaq Debut Fuel BTC’s Path to $130K

Bitcoin Price Prediction: $1B Bets & Nasdaq Debut Fuel BTC’s Path to $130K

29.08.2025
Best Crypto to Explore Today 28 August – XRP, Pi Network, Dogecoin

Best Crypto to Explore Today 28 August – XRP, Pi Network, Dogecoin

29.08.2025
Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report

Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report

29.08.2025
Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

28.08.2025
Load More
Next Post
Breaking: Tron ($TRX) Plans US Public Offering – What This Means for Crypto

Breaking: Tron ($TRX) Plans US Public Offering – What This Means for Crypto

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

XRP Futures Break $1B Open Interest Mark on CME Platform

XRP Futures Break $1B Open Interest Mark on CME Platform

2 days ago
Brazil Launches Second Phase CBDC Pilot

Brazil Launches Second Phase CBDC Pilot

9 months ago

Why Ethereum Is Rising Faster as BTC Stalls – And the Biggest Bet on a Bitcoin Layer-2 Draws Over 300K in 2 Days

1 month ago
Bitcoin Approaches Its $69k All-Time High Price, Is It Time To Start Buying BTC-related Projects?

Bitcoin Approaches Its $69k All-Time High Price, Is It Time To Start Buying BTC-related Projects?

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Best Crypto to Explore Today 28 August – XRP, Pi Network, Dogecoin

Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid

Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report

PYTH rockets 48%, CRO 38%: 24 hour altcoin gainers you can’t ignore

Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

Solana DeFi TVL nears all-time high at $11.7B but daily fees remain stuck under $2 million

Trending

South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies
All news

South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies

29.08.2025
0

The Governor of the South Korean Central Bank says Seoul is planning to use its Central Bank...

Bitcoin Price Prediction: $1B Bets & Nasdaq Debut Fuel BTC’s Path to $130K

Bitcoin Price Prediction: $1B Bets & Nasdaq Debut Fuel BTC’s Path to $130K

29.08.2025
Top crypto protocols generate $1.2B in revenue after recording 9.3% monthly growth

Top crypto protocols generate $1.2B in revenue after recording 9.3% monthly growth

29.08.2025
Best Crypto to Explore Today 28 August – XRP, Pi Network, Dogecoin

Best Crypto to Explore Today 28 August – XRP, Pi Network, Dogecoin

29.08.2025
Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid

Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid

29.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz