Ethena Launches New Payment App on Avalanche

Ethena just started the beta phase for its new iOS app called Ethena Pay. This self custodial app uses the Avalanche network as its primary way to handle transactions. The main goal is to give holders of the USDe stablecoin a way to use their assets for everyday consumer payments.

The app offers a tiered interest rate that reaches up to 6 percent for users. Right now, the service is limited to an early access group of 400 people. The team plans to open the product to more users each week as they test the system and prepare for a wider release.

This move is significant because it connects the stablecoin directly to a mobile payment interface. By picking Avalanche as the settlement layer, Ethena aims to make transactions faster and more practical for the average user. Traders should keep an eye on how quickly the app gains users and whether this integration leads to more demand for USDe.