ETHENA PAY LAUNCHES NEOBANK WITH 6% SAVINGS RATE AND 5% CASHBACK

Summary from the TLDR Crypto newsletter

EthenaPay is a crypto neobank built on Avalanche that pairs a traditional IBAN with self-custodial stablecoin accounts, letting users receive funds via standard banking rails and hold them in stablecoins. The product offers a 6% dollar savings rate, 5% card spend cashback, free global onramps in USD, GBP, EUR, and local currencies, and borderless instant transfers. The iOS app is live now, with a "Buy Now Pay Never" feature that routes savings yield to cover card balances automatically, positioning Ethena's USDe yield infrastructure as a direct-to-consumer fintech layer.