Ethena launches Ethena Pay banking suite with 6% savings yield

Ethena Pay pushes stablecoins into everyday banking with a 6% dollar savings rate and 5% card cashback, using Avalanche for settlement. The rollout extends Ethena beyond its synthetic dollar USDe into consumer-facing payments and savings products.

• Offers a high-yield dollar savings feature and cashback cards.
• Built on Avalanche settlement infrastructure.