Ethena Labs Launches Ethena Pay on Avalanche

Ethena Labs has introduced a beta version of Ethena Pay, a self-custodial payment application built on Avalanche, now available in 48 countries. The app integrates USDe, offering users up to 6% APY on balances and 10% cashback in AVAX at select merchants. Ethena Pay functions as a bank-like application, supporting global transfers, fiat-to-crypto on-ramps, and local currency settlements. The service features tiered membership levels and is currently available on iOS and Android in regions including Brazil, Mexico, South Africa, the Philippines, Singapore, t