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Ethena launches Ethena Pay beta on Avalanche with rewards

Ethena Labs, behind USDe, launched the beta of Ethena Pay, a self-custodial payments app built on Avalanche. The app offers payment services and rewards on user balances, per The Block.

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Ethena Labs, the team behind the "synthetic dollar" USDe, is expanding into the payments business with the beta launch of a new app called Ethena Pay.The self-custodial money app is built on Avalanche and offers payment services and rewards on user balances.

Ethena founder Guy Young told The Block…