Ethena news today centers on the protocol’s expanding payment strategy and a newly activated revenue-linked mechanism for ENA buybacks, as the token continues to outperform the broader market over the past week. On September 22, 2026, 21Shares reported that Ethena Pay had launched on September 1 as a self-custodial financial application with a payment card. The service was available in 48 countries, offering yields of approximately 5% to 6% on USDe balances and 4% to 5% cashback, while the United States and European Union were identified as future expansion markets.