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Introducing @EthenaPay: the internet money neobank.
→Card spend cashback at 5.0%
→Best-in-class 6.0% dollar savings rate
→Borderless, free, instant global money transfers
→Free global onramps in USD, GBP, EUR and local FX
→Multi-currency high-rewards savings accounts in local FX
→Unified fiat IBAN integration with self-custodial stablecoin accounts
→Buy Now Pay Never where your savings rewards covers daily expenses
Not coming soon™️. Live now to download on iOS.
Introducing Ethena Pay: the internet money neobank, built on @avax.
Live now to download on iOS.
Ethena retweeted
Why did we launch our own stablecoin?
Because $300M+ in stablecoins were sitting on ether․fi doing nothing. And that’s not how a neobank should work.
ether․fi USD changes that.
One native dollar across every product we ship: card, vaults, borrow, trade, send. Powered by @ethena Whitelabel.
We didn’t build stablecoin infrastructure from scratch. Ethena already solved the hard parts. Reserves, minting, redemption, compliance, KYB, all managed end to end. We choose the reserve mix based on our risk preferences, they run the operations.
What this means for you?
The dollars between your swipes, the balance you haven’t deployed into a vault, the USDC sitting in your account after a top-up. None of it sits idle anymore.
StablecoinX Inc. @stablecoin_x USDE is now available as a tokenized security through @bstocksfinance.
From Nasdaq to on-chain. ⛓️
USDEB, tied to StablecoinX (Nasdaq: $USDE), is now available through bStocks.
The lineup keeps growing.
Ethena retweeted
⏳ Holding USDe? Put it to work with @ethena.
🔥 Hold USDe through #BinanceWallet and earn up to 4.75% APR*. No lock-up, just passive rewards on what you already hold without staking needed.
*Real-time APR is subject to change in real time.
How to get started: Binance App → Wallet → Earn → [Hold to Earn] → Activate "USDe"
👇 Start earning today (open in mobile browser)
app.binance.com/download?_dp…
EtherFi is launching their own stablecoin, powered by Ethena Whitelabel.
@ether_fi has >$300m of stablecoin deposits held across their platform. Reserves, mint and redeem, & compliance for @ether_fi USD will be managed end to end by Ethena.
Since launching their category-defining Cash card in 2024, they have scaled to nearly $1 billion in cumulative spend and more than 100,000 active cards.
The best stablecoin neobanks will move to own the entire stack and earn from idle deposit balances alongside their broader product suite.
EtherFi joins @MapleFinance, @JupiterExchange, @megaeth, @SuiNetwork and others in building their own stablecoin products on Ethena's infrastructure.
Ethena retweeted
The people building the spending layer on stablecoins, in one room.
@gdog97_ from @ethena, @rooqster from @raincards, and us 👋 at The ether․fi Lounge.
Oct 7 | 3:00pm | @token2049
Bring questions. Or complaints about your bank. Either works.
RSVP → luma.com/81n4d52e
Here's what happened @ethena in September:
• Launched the @EthenaPay beta at the start of the month.
• Partnered with @binance as our first venue for extending the basis trade into equity perpetuals.
• USDe supply grew by over $700 million.
• Standard Chartered initiated research coverage of Ethena, forecasting ~8x USDe growth over the next two years.
• USDe became the second largest collateral asset and the largest dollar collateral asset across all of @Morpho, now backing two of the three largest markets on the protocol.
• USDe rewards went live in the dedicated Ethena ecosystem market on @Aave V4 on Ethereum.
• Completed a SOC 2 Type II audit against the Security Trust Services Criteria, receiving a clean opinion from an independent auditor with zero exceptions noted.
• Announced that from the end of the month, there will be zero token incentives and inflation on a go-forward basis related to USDe.
• USDe went live on TRON.
• Binance Wallet enabled USDe rewards.
Onwards.
Ethena retweeted
Which crypto cards pay cashback? Which have no FX fees? Which are self-custodial?
Our new crypto card dashboard compares 30 cards side-by-side so you don’t have to.
defillama.com/crypto-cards
Since the initial airdrop in 2024 token incentives related to USDe growth have declined by roughly ~85% from 2024 to this year.
As of the end of this month there will be zero token incentives and inflation on a go forward basis related to USDe.
For all of those who participated and helped to bootstrap the product to where it is today: thank you for the support.