Ethena Pay Introduces High‑Yield Savings, Cashback Cards and Avalanche Settlement

Ethena Pay has launched a suite of financial products aimed at bringing stablecoin services into everyday banking. The platform offers a 6% annual interest rate on dollar‑denominated savings and a 5% cashback reward on card transactions.

High‑Yield Dollar Savings

Users can deposit stablecoins pegged to the US dollar and earn a 6% yearly return, positioning the product as a competitive alternative to traditional savings accounts.

Cashback Card Program

The associated payment card provides a 5% cashback on purchases, allowing users to earn rewards directly from their spending.

Settlement on Avalanche

All transactions, including deposits, withdrawals and card payments, are settled on the Avalanche blockchain, leveraging its fast finality and low fees.