Search results for Ava Labs
Crypto
Ethena launches Ethena Pay beta on Avalanche, expands USDe payments
Ethena has started a beta service for Ethena Pay, linking its stablecoin USDe directly to consumer payments using Avalanche as a single settlement layer. The self-custody iOS app begins with 400 early-access users and targets 49 countries, with the United States, the European Union, Britain and Canada to be supported later. The service combines wallet transfers, fiat on-ramps and a Visa card, with yields and cashback subject to tiered caps and conditions.
Crypto
Won stablecoin pilots enter proof stage as industry tie-ups accelerate
Partnerships among banks, fintechs, platforms and blockchain firms around won-denominated stablecoins are accelerating in the second half, with payment and settlement use cases moving into more concrete pilot tests. Companies are running proofs of concept on real-time settlement, on-chain payment flows and links between digital wallets and existing card networks. Cross-border remittances are also emerging as a key testing area. Debate continues over regulation, including issuers, reserve assets and approval requirements.
Crypto
Avalanche Treasury shares plunge 93% as firm flags going-concern uncertainty to SEC
Avalanche Treasury, a Nasdaq-listed company that holds Avalanche (AVAX) as a core asset, disclosed to the U.S. Securities and Exchange Commission that uncertainty remains about its ability to continue as a going concern. Its shares have fallen about 93% in a month, alongside large losses on AVAX holdings. The company invested about $265 million to buy AVAX, but the value of its holdings fell to about $123 million as of March-end.
