Ethena (ENA) Price: Token Rallies 68% in a Month as Ethena Pay App Launches on Avalanche
TLDR
- Ethena has launched Ethena Pay, a self-custodial money app built on Avalanche, now in beta across 48 countries.
- The app offers up to 6% APY on USDe balances and up to 10% cashback at select brands including Uber and Spotify.
- ENA, Ethena’s governance token, has gained around 68% over the past month and is trading near $0.16.
- The Ethena Foundation proposed using 95% of net revenue for ENA buybacks once USDe supply hits $7.5 billion.
- ENA rose over 10% after the buyback proposal and recorded roughly $595 million in 24-hour trading volume.
Ethena Labs has launched the beta of Ethena Pay, a new money app built on Avalanche. The app is now live across 48 countries including Brazil, Mexico, Kenya, Singapore and Australia.
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… https://t.co/d76b1Gul4V pic.twitter.com/1gpw7zS2cZ… Continue reading the full article at the original source below.
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