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End at 18:00, May 25 (UTC)
PANews May 24th news, according to CoinDesk, Ethereum liquidity staking protocol Ether.fi announced the launch of mobile wallet and Visa credit card Ether.fi Cash, aiming to help users directly use their DeFi assets for daily consumption without the need for off-ramp operations. Ether.fi Cash cardholders can borrow funds by pledging their stake or liquidity deposits, and automatically repay bills with the interest earned from these investments. Users can also convert assets directly into USDC for instant settlement.
Ether.fi Cash is expected to be launched to consumers starting from September, but it is unlikely to be available in some major markets including the United States due to regulatory reasons.