Ethena Pay, a self-custody financial app on Avalanche, has entered beta testing in 48 countries, offering users up to 6% annual yields on USDe stablecoin holdings and cashback rewards up to 10% at partners like Uber and Spotify. The ENA governance token rose about 68% in the past month, currently trading near $0.16, boosted by a proposal to allocate 95% of protocol revenue to token buybacks once USDe supply hits $7.5 billion. The platform supports multi-currency accounts, fee-free transfers in USD, EUR, and GBP, and tiered membership for higher yields and rewards. Expansion to excluded regions like the US and EU is planned pending regulatory approval.
Ethena has launched Ethena Pay, a new consumer finance app that integrates crypto savings, payments, and international money transfers into one platform. The app offers a 6% savings rate in dollars and 5% cashback on card purchases, positioning stabl...
OKX has expanded its spot margin trading for European customers by adding 10 new USDC margin pairs, including tokens like NEAR, ENA, and LINK, with leverage up to 10x. This allows traders to borrow funds to increase their positions, either long or sh...
Ethena has launched Ethena Pay, a consumer finance app combining stablecoin savings, card spending, transfers, and fiat onramps. The app offers a 6% dollar savings rate and 5% cashback on eligible card purchases, integrating savings and payments in o...
Ethena (ENA) price increased by 9.1% to about $0.39, continuing a weekly gain of 16.1%. However, on-chain data reveals the rally is weakly supported, with 82.1% of transfer volume flagged as wash trading and tokens flowing into exchanges, signaling p...
Ethena, the protocol behind the synthetic dollar USDe, is expanding its reserve backing to include equities and commodities while shutting down its HyENA deployer that managed 18 perpetual futures markets on Hyperliquid's HIP-3 framework. This closur...
