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Tuesday, September 1, 2026 · UTC
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Ethena Pay Launches on Avalanche for Neobank Integration
Ethena Pay launches on Avalanche to integrate digital dollars into neobank services.
TruthFoundry Desk
from the fact record
As of 2026-09-01 18:11 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
What this stands on
- Ethena Pay, a mobile financial app built exclusively on the Avalanche blockchain, officially launched to integrate digital dollars with everyday financial activities. ·
Blockchain.News
- Ethena launched Ethena Pay, a self-custodial neobank built on the Avalanche blockchain, enabling users to hold USDe stablecoin, earn savings rewards, spend through Visa, and send fiat or crypto globally. · Bankless
- As of September 1, 2026, over $30 billion has been processed through Ethena's mint and redemption systems. ·
- Guy Young, the founder of Ethena, stated that Ethena Pay plugs into the liquidity and applications already in the Avalanche ecosystem to deliver a simple experience where users never touch DeFi. ·
- Users can make purchases via Visa's network of over 130 million merchants without interacting directly with blockchain mechanics. ·
- Ethena Pay offers tiered rewards: Standard users earn 5% on up to $5,000 with 4% cashback, while Pro and VIP tiers earn 6% yields with higher balance limits and up to 5% cashback, with cashback paid in AVAX. · Bankless
- Ethena Pay's beta launched with 400 users across 49 countries, with the U.S., EU, U.K., and Canada planned for later expansion. · Bankless
- Users unlock Pro status by locking $2,000 of ENA or referring 10 users, and VIP status by locking $10,000 of ENA or referring 50 users, integrating ENA into the rewards system. · Bankless
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Article provenance · 8 sources · v 001worldrecordwritingfiling
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