Ethena Pay's 47 Countries Are App Access, Not Card Access
The Terms of Use give country-specific sections to 47 jurisdictions and name six more as coming. Spend Card availability is settled separately.
Articles covering Ethena Pay Card and how it compares.
Ethena Pay Card →The Terms of Use give country-specific sections to 47 jurisdictions and name six more as coming. Spend Card availability is settled separately.
The balance ceiling that earns 6% now runs to $100,000 on Pro and $1,000,000 on VIP, and one card purchase a month is what keeps it switched on.
One spends stablecoins already converted, the other borrows against assets still held. That single difference sets the risk, the rewards and the admin.
Standard opens through the waitlist. Pro is listed as subscription or referrals with no price attached, and VIP has no stated route at all.
4%, 4.5% and 5% describe the first band only. Here is where each tier stops paying, and what the Daily Boost on balances actually is.
4% cashback and 6% on balances are the headline. The FAQ holds the conditions that decide whether either one actually arrives.
Ethena calls it an internet money neobank, with the card as one surface. The interesting number is how much spending the savings rewards can actually cover.