Ethena (ENA) has launched the neobank Ethena Pay on the Avalanche network.

Ethena has launched Ethena Pay—a neobank for working with stablecoins: https://pay.ethena.fi

Here’s what the service offers:

• money transfers
• accounts in euros and local currencies
• savings accounts with yields that cover everyday expenses
• self-custodial stablecoin accounts (meaning users retain control of their private keys, rather than handing them over to Ethena)

The app is already available on iOS. Access is being rolled out gradually: first 400 users, then the list will expand weekly as the beta phase comes to an end.

Transactions in Ethena Pay will be processed via the Avalanche blockchain—Ethena chose it as its sole partner for this purpose, citing low fees and high transaction confirmation speeds.