Ethena Pay Reveals How Avalanche Supports The Future Of Digital-Dollar Banking

TL;DR

• Ethena Pay runs exclusively on Avalanche, combining USDe balances, transfers, payments and settlement behind a mobile interface designed to resemble conventional digital banking.
• Ethena has processed more than $30 billion through mint and redeem systems, while USDe is integrated across over 100 platforms and protocols.
• The app is live on iOS in more than 50 countries, with Android, U.S. and European Union access and multi-currency accounts expected to follow later.

Ethena Pay is bringing digital-dollar banking into a consumer app built exclusively on Avalanche, combining payments, savings, transfers and settlement behind a mobile interface. Ethena says the product lets users hold balances, move between fiat and digital dollars, send money locally or globally and make purchases through Visa’s network of more than 130 million merchants. The most important shift is that blockchain infrastructure is being pushed behind the interface instead of becoming the user experience itself. Avalanche handles USDe transfers and settlement while customers interact with a product designed to feel like conventional digital banking.

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