PANews reported on May 24 that according to CoinDesk, Ethereum liquidity pledge protocol Ether.fi announced the launch of mobile wallet and Visa credit card Ether.fi Cash, which aims to help users use their DeFi assets directly for daily consumption without off-ramp operations. Ether.fi Cash cardholders can borrow funds against their pledges or liquidity deposits and automatically repay bills using the interest on these investments. Users can also convert assets directly into USDC for instant settlement.

Ether.fi Cash is expected to be available to consumers from September, but is unlikely to be launched in some large markets, including the United States, for regulatory reasons.