Avalanche Powers Next-Generation Neobanks with Ethena Pay

Ethena Pay, a mobile financial product, has been launched by Ethena. This product brings digital dollars into everyday financial activity, allowing users to hold and send money, make purchases, and perform other financial tasks.

Built exclusively on Avalanche, Ethena Pay uses the platform's infrastructure to connect USDe transfers, payments, and settlement behind the scenes. This results in a familiar consumer experience powered by blockchain technology that users rarely see.

Ethena Pay extends the infrastructure of Ethena beyond trading and investment into the routine movement of money. It has already processed more than $30 billion through its mint and redeem systems, while USDe is integrated across more than 100 platforms and protocols.