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's governance token ENA surged 71.14% from $0.135 to $0.231 in early September, driven by strong demand for its synthetic stablecoin USDe and significant staking activity totaling nearly $1.26 billion. Despite Bitcoin's breakout, ENA stalled ar...
Ethena's governance token ENA has surged 170% from its July low to $0.1927 but is still 71% below its 12-month high of $0.6729. The token trades well above its 50- and 200-day moving averages, indicating a positive trend, though the price is extended...
Arthur Hayes purchased 25.33 million ENA tokens for $5.53 million at an average price of $0.09, now holding an unrealized profit of 146%. He predicts ENA could reach $0.50, though this is a personal target, not an official forecast. Ethena has approv...
