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

ETHFI-3,17%
OP-0,75%

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

Brad Garlinghouse Maps Ripple’s 2026 Strategy After Expansion Surge

Ripple's CEO, Brad Garlinghouse, outlines a strategic focus for 2026 on integrating acquisitions and scaling operations after a significant workforce expansion. Ripple Prime shows promising revenue growth from institutional interest, while rising demand for treasury services drives corporate growth and aims to enhance synergies between its brokerage and treasury operations.

CryptoFrontNews48m ago

zkSync Founder Fires Back at Canton’s ZK Proof Critique

_zkSync founder fires back at Canton’s ZK critique, exposing how Canton’s trust model carries the same systemic risk it warns about._ Canton’s founders have been telling buyers and regulators that zero-knowledge proofs are too risky for institutional finance.  zkSync co-founder Alex Gluchowski

LiveBTCNews51m ago

Tether Taps KPMG for First Big Four USDT Audit Amid U.S. Expansion Push

Tether has hired KPMG for a comprehensive audit of its $184 billion USDT stablecoin, along with PwC to prepare for the process. This comes amid plans to register USDT under the GENIUS Act, addressing transparency concerns over its reserves.

Decrypt2h ago

478K Pioneers Rush IRRA Launchpad: Participation Now Closed!

The IRRA launch on Pi Network showcased significant user engagement, with over 478,000 participants contributing to the test initiative. This phase highlights community-driven testing, vital for future developments and reliable infrastructure in the platform's growth strategy.

Coinfomania2h ago
Comment
0/400
No comments