Ethena Labs Debuts Self-Custodial App on Avalanche

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Ethena Labs has launched the beta version of its self-custodial money app, Ethena Pay, on the Avalanche blockchain. The app is now available in 48 countries and reportedly offers users a yield of up to 6% and cashback rewards of up to 10% on transactions.

Key facts

• Ethena Labs has launched the beta version of its self-custodial money app, Ethena Pay.
• The Ethena Pay app is built on the Avalanche blockchain.
• The application is currently accessible in 48 countries.
• The application reportedly offers users a yield of up to 6% and cashback rewards of up to 10% on transactions.