EtherFi Launches World’s First Non-Custodial DeFi Bank with Cash Cards and Restaking in US

EtherFi, a leading decentralized finance (DeFi) protocol known for its restaking services, has announced the launch of a new DeFi neobank in the United States. This development marks EtherFi’s pivot to a neobank model, integrating traditional banking services such as cash cards alongside its existing crypto restaking products. The platform’s suite of applications will enable users to spend, save, and earn through integrated cryptocurrency features, positioning it as the world’s first non-custodial ‘defibank.’ The move aligns with a broader positive stance on cryptocurrency adoption in the U.S. market, as highlighted by industry observers. This launch coincides with other notable DeFi advancements, including proposals to enhance Ethereum’s scalability and upgrades to EigenLayer’s protocol. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io