Ethena has launched a global money app built around its USDe synthetic dollar, expanding the crypto-native asset into everyday payments, savings and cross-border transfers.According to Tuesday’s announcement, the self-custodial Ethena Pay app allows users to hold USDe through a dollar-denominated balance, earn as much as 6% in annualized rewards and spend funds through a payment card, while supporting fiat onramps.The beta rollout includes 48 countries across Latin America, the Caribbean, Africa, Asia and other regions, though the initial rollout is limited to 400 users, with access set to expand weekly, Ethena said in a Tuesday thread on X. Avalanche will…

In Murphy v. National Collegiate Athletic Association (2018), the U.S. Supreme Court overruled a provision of federal law that had made it illegal for states to legalize sports gambling. “That provision unequivocally dictates what a state legislature may and may not do,” the Court said. “It is as if federal officers were installed in state legislative chambers and were armed with the authority to stop legislators from voting on any offending proposals. A more direct affront to state sovereignty is not easy to imagine.” Widespread state legalization (and regulation) of sports betting quickly followed from that decision. Another big sports…

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