EthenaPay Brings Stablecoin Payments and Savings to Avalanche

EthenaPay has launched on Avalanche for stablecoin payments and savings. The non-custodial money app, built around USDe and sUSDe, is now live in 49 countries across Latin America, the Caribbean, Asia, the Middle East, Africa, and Oceania.

The app allows users to save, send, and spend stablecoins across borders with balances earning yield automatically. No staking or lock-up is required, and the advertised rate combines a base rate that moves with market conditions with a discretionary 'Daily Boost' layered on top depending on user tier.

EthenaPay's virtual Visa card is accepted at over 130 million merchants worldwide, earning up to 5% cashback in AVAX, Avalanche's native token. Sending money between users is free, and withdrawals can be made to any external wallet or bank account at any time, as the app never takes custody of funds.