Ethena Launches Pay App on Avalanche with Up to 6% Yield

Ethena has introduced Ethena Pay, a self-custodial iOS payment application that utilizes Avalanche as its primary settlement layer. The app provides direct access to consumer payments using USDe. Currently in beta, the app is available to users in 49 countries across Latin America, the Caribbean, Asia, the Middle East, Africa, and Oceania, with plans to expand to the US, EU, UK, and Canada later. The service integrates a self-custodial wallet with fiat on-ramps and a Visa card. The card is issued by Third National and managed by Rain. Users can earn up to 6