POPA ReconEthena Pay Neobank Debuts on Avalanche With a 6% Savings Rate
Ethena Pay Neobank Debuts on Avalanche With a 6% Savings Rate Ethena launched Ethena Pay, its stablecoin neobank, on Avalanche, letting users hold a synthetic dollar and earn a 6% savings rate straight from the app. The 6% is generated by sUSDe, Ethena's staked synthetic dollar, which pays a yield sourced from funding rates and reserve income. It now settles natively on Avalanche after USDe and sUSDe went live across the chain, with liquidity and lending support from venues like Uniswap, LFJ and Euler. The move is Ethena's clearest step yet toward becoming a consumer neobank, bundling dolla…
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