Ether.fi, a leading decentralized finance (DeFi) protocol, has launched what it describes as the world's first non-custodial DeFi bank in the United States. The platform offers a banking alternative by enabling users to spend, save, and earn through integrated crypto features, including its core restaking product. The Ether.fi app now provides traditional banking services alongside restaking, and has rolled out Visa 'Cash' cards in the U.S. These cards allow users to spend fiat currencies while using crypto as collateral. The service is initially available in select states, following partnerships to ensure regulatory compliance. CEO Mike Silagadze stated that the U.S. is now 'open for business' for crypto companies, citing recent regulatory changes and new licensing that enabled Ether.fi's expansion. The company has been profitable since day one, reporting $22 million in revenue in 2024 and projecting $40 million to $90 million in revenue for 2025. Ether.fi currently has around 200,000 users and aims to issue 100,000 cards by year-end. Its restaking product has 2.7 million ETH, or about $4.4 billion, in total value locked (TVL).