@crypto_fruit They said it wasn’t a RH or Arbitrum issue, it was an L1 issue (therefore ETH) so they blamed ETH.
Explain where I lied? You can’t, bc I didn’t. It’s ok, I know it’s hard.
Joined @gdog97_ for a full conversation on @TheBlockCo’s Layer One podcast.
We got into Ethena Pay, why they chose Avalanche, what it actually takes to build financial products onchain at this scale, and why I’m so bullish on where Avalanche sits in all of this!
Worth a listen🔺
Ethena Pay was built to make outdated, traditional banking, simpler.
Save, spend, earn rewards, get cashback, and move money globally, all from one product, with Avalanche working underneath.
Ethena’s @gdog97_ on why Avalanche was the obvious choice for Ethena Pay:
Really excited to have @Ethena and @gdog97_ building with us on Avalanche!
Ethena has built one of the largest digital dollar businesses in crypto. With Ethena Pay, they’re bringing that scale directly to consumers, with Avalanche powering the infrastructure underneath, and AVAX distributed to users daily through cashbacks.
The best infrastructure is one that you don’t even know you’re using. This is another opportunity for Avalanche to sit underneath products used by millions of people around the world 🔺
BREAKING: Digital dollar giant @ethena launches global Neobank, built exclusively on Avalanche
Ethena Pay brings everyday banking onchain, with Avalanche powering the rails behind it. Save, send and spend USDe anywhere in the world, directly from your phone.
Ethena already has a major footprint across global finance, with USDe as the primary collateral for Robinhood’s crypto earn product, integrations with BlackRock’s Aladdin platform overseeing ~$25T in assets, and availability across 100+ venues and protocols.
More than 5 billion adults globally already use financial accounts, making banking one of the largest addressable markets in the world. Now, Avalanche is powering the new, digital generation of banking.
The next generation of banking is being built on Avalanche.