Ether.fi transfers non-custodial crypto card products from Scroll to OP Mainnet

ETHFI-0,04%
OP-0,94%

Odaily Planet Daily reports that the decentralized staking protocol Ether.fi announced that its DeFi native crypto card product ether.fi Cash will migrate from the Scroll network to the OP Mainnet (Optimism mainnet). The migration will be completed within the next few months and is expected to involve approximately 70,000 active cards, 300,000 accounts, and millions of dollars in user locked assets (TVL).

ether.fi Cash offers a non-custodial crypto payment experience, allowing users to spend directly with stablecoins or borrow against staked and re-staked assets (such as eETH) while continuing to earn yields and enjoying cashback rewards similar to traditional bank cards. The card can be used at all merchants supporting Visa.

Data shows that Ether.fi Card currently accounts for nearly half of the transaction volume of crypto-native payment cards, making it one of the leading products in the field. Meanwhile, OP Stack processed about 3.6 billion transactions in the second half of 2025, accounting for 13% of the total crypto transaction volume during that period, providing high-throughput infrastructure support for this migration.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Ethereum Foundation stakes another $93 million ether, reaching its 70,000 ETH target

The Ethereum Foundation staked $93 million in ether, reaching nearly $143 million in total staked ETH, almost fulfilling its 70,000 ETH target. This shift to staking generates yield for funding operations without selling assets, although some ETH remains unstaked.

CoinDesk55m ago

Hyperliquid ecosystem platform Based launches the Launchpool feature

Gate News message, April 4, Hyperliquid ecosystem crypto trading and consumer platform Based recently announced the launch of the Launchpool feature. Based token holders can stake their tokens to earn points, and thereby participate in Launchpool activities. It is reported that the first project to go live on the platform’s Launchpool is Pull Fun.

GateNews2h ago

Ripple Engineer Explains XRPL Update Pace, Focus Turns to Bug Fixes and Reliability - U.Today

RippleX engineer Mayukha Vadari addressed developer concerns as the XRP Ledger undergoes significant improvements. Key areas of focus include telemetry, nomenclature, type safety, refactoring, logging, and documentation to enhance stability and bug fixing, making the platform more robust and accessible for developers.

UToday2h ago

'Midnight Isn't Hurting Cardano,' Insider Defends Charles Hoskinson's Vision - U.Today

Cardano DRep dori defends the privacy chain Midnight, stating it complements rather than competes with Cardano. He emphasizes Midnight's role in enhancing privacy and scalability, addressing market demands for institutional users. Dori supports Hoskinson's vision, highlighting the importance of Midnight in the Cardano ecosystem, especially with its recent mainnet launch.

UToday3h ago

Naoris Protocol's quantum-resistant blockchain goes live as Bitcoin and Ethereum face 'Q-Day' threats

Naoris Protocol launched a quantum-resistant blockchain, designed to secure transactions against future quantum threats. It utilizes post-quantum cryptography and has validated over 100 million transactions, preparing to protect digital assets despite vulnerabilities in existing systems like Bitcoin and Ethereum.

CoinDesk3h ago
Comment
0/400
No comments