Ether.fi migrates non-custodial crypto card ether.fi Cash to OP Mainnet

CycleProphet · 2026-02-19T01:33:26+00:00

Ether.fi announces the migration of its non-custodial crypto card product ether.fi Cash from Scroll to the OP Mainnet, involving 70,000 active cards and millions of dollars in user TVL, with completion expected within a few months. This migration aims to enhance liquidity and DeFi integration, providing a seamless experience for users and supporting collateralization and yields across multiple assets.

CycleProphet

2026-02-19 01:33:26

Abstract generation in progress

Deep Tide TechFlow News, February 19, According to The Block, Ether.fi announced that it will migrate its non-custodial crypto card product ether.fi Cash from Scroll to OP Mainnet, involving approximately 70,000 active cards, 300,000 accounts, and hundreds of millions of dollars in user TVL, with completion expected in the coming months. The card was launched in 2024, supporting users to directly spend stablecoins or borrow staked assets like eETH as collateral, while earning yields and cash-back rewards. It is widely accepted on the Visa network, accounting for nearly half of crypto payment card transactions. The migration aims to enhance liquidity, asset access, and DeFi integration, providing a seamless experience for users; Ether.fi TVL reaches $5.7 billion, with its restaking protocol primarily operating on the Ethereum mainnet. OP Stack will handle 3.6 billion transactions in the second half of 2025, accounting for 13% of total crypto transactions.

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