Ethena launches Ethena Pay neobank on Avalanche, targeting emerging markets

Ethena launched Ethena Pay, a consumer neobank offering savings, a card and free global transfers, running exclusively on Avalanche with cashback paid in AVAX and an initial rollout in emerging markets. Guy Young said the product is funded with an additional yield boost on top of natural sUSDe yield that will not last indefinitely.

Detected & updated continuously · Source: Nebula