Ethena Pay
Third National Bank · 48 countries · personal
Self-custodial Visa card spending synthetic dollar USDe with up to 5% cashback
Is Ethena Pay worth it?
Ethena Pay is a non-custodial virtual Visa card issued by Third National Bank across 48 countries that enables direct spending of Ethena's USDe balance. It features a reverse FX display toggle and up to 5% promotional cashback with zero Ethena FX markup.
Pros
- Direct USDe synthetic dollar spending
- 0% Ethena FX markup
- Up to 5% tiered cashback
- Reverse FX display toggle in-app
Cons
- Virtual card only
- Cashback paid in partner tokens (AVAX) with sliding caps
- $1 + 0.65% ATM fee
Fees, limits & requirements
- Issuance fee
- Free
- One-time card creation
- Annual fee
- None
- Monthly fees included where applicable
- Crypto top-up
- 0%
- 0%
- FX fee
- 1%
- ~1% pass-through
- ATM fee
- 0.7%
- $1 + 0.65%
- Max daily spend
- $15,000
- Subject to KYC tier and issuer limits
- Monthly ATM limit
- $1,000
- $1 + 0.65%
- KYC
- Full KYC
- Full KYC
- Custody
- Self-custody
- Funds remain in your wallet until settlement
- Card network
- Visa
- debit card · issued by Third National Bank
Supported crypto & networks
Where is Ethena Pay available?
Show all 22 supported countries
Availability lists change frequently. Confirm eligibility with Third National Bank before applying.
Ethena Pay — common questions
Is Ethena Pay available in United States?+
Ethena Pay is listed as available in 48 countries. Our data currently shows it as available in United States. Always confirm eligibility with Third National Bank before applying.
What fees does Ethena Pay charge?+
Ethena Pay has no issuance fee, no annual fee, a 0% crypto top-up fee and a 1% FX fee. ATM withdrawals cost 0.7%. ~1% pass-through
Does Ethena Pay support Apple Pay and Google Pay?+
Ethena Pay supports Apple Pay and Google Pay. You can add the virtual card to your mobile wallet after issuance.
Is Ethena Pay self-custody?+
Yes. Ethena Pay is non-custodial: your assets stay in your own wallet until the moment of settlement. You remain responsible for key management and wallet security.
How does Ethena Pay cashback work?+
Ethena Pay offers 4%–5% cashback. Rewards are paid in AVAX. Staking requirement: Tiered by USDe / sUSDe ecosystem holdings. Cashback is modelled at the maximum published tier in our calculator.
Data note: fees, limits and availability are illustrative seed data for this build. Always confirm with the issuer. Card trademarks belong to their respective owners.