The Ethena team just rolled out Ethena Pay—a global neobank app that brings payments, savings, and stablecoin transfers together in one place. Built on the Avalanche blockchain, the service aims to make everyday crypto banking seamless.

What’s New

Ethena Pay calls itself an “internet neobank” focused on daily spending and storing digital dollars. The app lets users make payments, move funds, and stash savings in stablecoins—all from a single dashboard.

Core Features and Rates

Here’s what Ethena is offering: 5.0% cashback on card purchases; 6.0% APY on dollar savings; unlimited, free, and instant global money transfers; free onramps for USD, GBP, EUR, and select local currencies; and multi-currency savings accounts with boosted rewards.

Who’s It For?

Ethena Pay is targeting anyone who needs cross-border transfers and digital dollar savings in one app, plus some extra perks for everyday spending.