Ether.fi Transforms into a Crypto Neobank, Plans to Launch Staking Services for U.S. Users

According to CoinDesk, Ethereum re-staking protocol Ether.fi announced its transformation into a crypto neobank and plans to launch a cash card and staking services for U.S. users.

The new application will integrate traditional financial functions with crypto asset management, allowing users to perform spending, saving, bill payments, and payroll activities, while also offering ETH re-staking yields. Ether.fi's current total value locked (TVL) is close to 2.7 million ETH (approximately $4.4 billion), one of the historical highs.