TechFlow reports that ether.fi plans to launch a new product, ether.fi Cash—a mobile wallet and Visa card that enables users to borrow USDC stablecoins and repay directly with cryptocurrency.
Users can borrow against staked or liquid deposits and leverage investment yields to automatically pay bills. Ether.fi aims to offer crypto reward programs similar to traditional credit cards like Chase.
The product will follow DeFi market rate structures instead of the 15–30% annual interest rates typical of conventional credit cards. Ether.fi Cash is expected to launch in September but may not be available in major markets such as the United States due to regulatory constraints.
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