Here's a summary of the article:

**Key Points:**

1. **Ethena Labs Roadmap**: The company has unveiled its 2025 roadmap, highlighting key developments and partnerships.

2. **Telegram-based App**: Ethena is launching a payment and savings app on Telegram using its sUSDe stablecoin, with seamless integration with Apple Pay.

3. **New Stablecoin**: A new stablecoin, iUSDe, will be launched in February.

4. **Partnerships**: Ethena plans to partner with Traditional Financial Institutions (TradFi) to expand its reach and ecosystem.

5. **Competing with Tether**: The company aims to compete with the popular stablecoin Tether and establish itself as a major player in Decentralized Finance (DeFi).

**Key Terms:**

1. **sUSDe Stablecoin**: Ethena's existing stablecoin, used for seamless savings and payments.

2. **iUSDe Stablecoin**: The new stablecoin to be launched by Ethena Labs.

3. **Decentralized Finance (DeFi)**: A blockchain-based financial system that enables peer-to-peer transactions without intermediaries.

4. **TradFi Institutions**: Traditional Financial Institutions, such as banks and other financial services providers.

Let me know if you'd like me to clarify any of these points!