Ethena launches USDe payments app, offers 6% rewards

Ethena launches USDe payments app, offers 6% rewards

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Ethena has launched a global money app built around its USDe synthetic dollar, expanding the crypto-native asset into everyday payments, savings and cross-border transfers.

According to Tuesday’s announcement, the self-custodial Ethena Pay app allows users to hold USDe through a dollar-denominated balance, earn as much as 6% in annualized rewards and spend funds through a payment card, while supporting fiat onramps.

The beta rollout includes 48 countries across Latin America, the Caribbean, Africa, Asia and other regions, though the initial rollout is limited to 400 users, with access set to expand weekly, Ethena said in a Tuesday thread on X.

Avalanche will serve as the exclusive settlement layer for payments and transfers.

Related: Chelsea FC gets a stablecoin sponsor after UK FCA warning to clubs Ethena is an Ethereum-based protocol behind USDe, a synthetic dollar designed to maintain its value near $1 without relying on traditional banking infrastructure.

USDe uses crypto collateral alongside hedging strategies, including derivatives positions, to help maintain its peg.

The asset has grown to a market capitalization of about $4.1 billion, making it the sixth-largest stablecoin, according to DefiLlama data.

Ethena also operates ENA, the protocol’s governance token, which has a market capitalization of roughly $1.5 billion.

The token has rallied sharply over the past month, gaining about 68%, but remains well below its previous highs.

On Friday, the Ethena Foundation proposed directing 95% of the net revenue it receives from Ethena’s core businesses toward ENA buybacks once USDe’s circulating supply reaches $7.5 billion.

Analiz: Piyasa hareketliliği devam ediyor.