Ethena Pay to Expand to US, UK, and Europe Within Weeks

Ethena Labs founder and CEO Guy Young announced that the Ethena Pay app is expected to launch in the US, UK, and Europe within three to four weeks. While these regions are a top priority, the timeline depends on the card issuers and managers, specifically Third National and Rain. The app, which currently remains in a gated beta, aims to provide direct access to Ethena's synthetic dollar USDe. Young noted that while the US is a target, the company's primary user base is currently concentrated in South America and Asia.