Ether.​fi Confirms Zero Exposure to yETH Losses, All Vault Funds Secure

**Ether.fi has launched a new fiat payment service** that enables users to send money across borders in 6 different currencies to over 120 countries. **Key features include:** - Payment of rent and bills - International remittances to home countries - Support for multiple payment rails: ACH, Fedwire, SEPA, PIX, Faster Payments, SWIFT, UAE bank transfers - Direct crypto sends available - Additional payment methods coming soon The service aims to simplify cross-border money transfers by integrating traditional banking systems with crypto infrastructure. Users can now handle everyday financial transactions through the ether.fi platform.

Ether.fi has launched its **Liquid RWA vault** in partnership with Plume Network, enabling users to earn institutional-grade yields on stablecoins. **Key Features:** - Access to traditionally exclusive yield markets including fixed income and institutional credit - Initial allocations include BlackRock iShares AAA CLOA, Fidelity Total Bond FBND, and FalconX Credit Pool - Available as spend collateral on Ether.fi Cash at **70% loan-to-value ratio** - Users can earn rewards while maintaining spending power - $25 million vault cap with variable APY The vault also supports a separate **EURC (Euro stablecoin) option** for European users seeking institutional yields. Access the vault: [ether.fi/app/cash/earn/liquid/rwa-yield](http://ether.fi/app/cash/earn/liquid/rwa-yield)

EtherFi and Origin Ether have partnered with SSV Network to reward their token holders through a new staking program called The Syndicate. **Key Details:** - Holders of eETH, weETH, or OETH tokens as of the June 5 snapshot qualify for participation - SSV Network provides decentralized validator infrastructure that supports EtherFi's architecture - Qualifying holders will receive reward boosts when staking SSV tokens - The initiative aims to strengthen decentralization in the validator layer More information available at [SSV Network's blog](http://ssv.network/blog/welcome-to-the-syndicate)

**Ether.fi has launched zero-fee euro banking for European users.** Starting May 21, 2026, users can deposit and spend EURC stablecoins without foreign exchange fees. **Key features:** - Deposit via bank transfer or crypto wallet - 1:1 euro spending across web and mobile apps - Available throughout Europe - No FX fees on transactions **This builds on ether.fi's May 11 launch of the EURC Liquid vault**, which allows euro holders to earn yield through partnerships with K3 Capital and Midas RWA. The move follows a broader trend of zero-fee euro banking in crypto, with Binance having introduced fee-free SEPA Instant deposits for EEA users in November 2025. Users can access the service at [ether.fi/app](http://ether.fi/app).

**Frax Finance introduces FRXUSD**, a USD-pegged stablecoin maintaining a 1:1 dollar peg through overcollateralization. **Key features:** - Fully backed by tokenized U.S. Treasuries - Designed to share value with DeFi protocols rather than extract it - Aims to provide sustainable liquidity to partner platforms The protocol positions FRXUSD as a safer alternative to centralized stablecoins, emphasizing its treasury-backed structure and DeFi-friendly approach.