
The Opportunity & Scope
Ethena Pay is a live digital dollar-powered payments consumer product, and you will be a core dedicated lawyer. You will own day-to-day product, legal and compliance advice for the product, work closely with our Compliance team to make sure our program works in practice, negotiate with the partners our product runs on, review product flows and lead our licensing strategy as we expand into new markets. It is a hands-on role with significant room to grow as the product and the function scale.
Role Responsibilities
- Be the day-to-day legal and compliance counsel for Ethena Pay: terms, disclosures, marketing review, privacy and product launches.
- Map and maintain the regulatory perimeter and obligations register across the markets we serve.
- Oversee and strengthen the compliance framework with our Compliance team: AML/KYC, sanctions, complaints and regulator or law-enforcement requests.
- Negotiate and manage agreements with our card issuer, ramp providers, KYC and infrastructure partners.
- Lead licensing and registration strategy and applications, working with outside counsel and regulators.
- Build the playbooks and, over time, the team behind the function.
What we are looking for
- Significant legal experience in fintech or payments, with meaningful in-house time.
- Experience as counsel to a consumer-facing app (neobank, crypto wallet, card program or similar), and direct experience negotiating with crypto-native card issuers and ramp providers.
- Hands-on experience working with or overseeing a payments or fintech compliance function.
- A track record negotiating payments vendor and partner agreements and delivering licensing work.
- Pragmatic, commercial judgement and clear writing.
- Interest in, or experience with, stablecoins and crypto payments.
About Ethena Labs
Ethena Labs, founded in 2023 by Guy Young in Lisbon, Portugal, develops USDe, a synthetic dollar backed by hedged collateral. Its protocol mints USDe against staked ether and bitcoin collateral hedged via perpetual shorts, distributing yield from staking and funding rates through sUSDe savings. Integrated across DeFi lending, perpetuals and custody, Ethena provides on-chain dollar stability without traditional bank issuance, inspired by earlier research on delta-neutral design. Headquartered in Lisbon with a distributed team across Europe, Ethena emphasizes risk engine rigor, transparency dashboards and audited hedging operations. Backed by leading investors including Dragonfly and Arthur Hayes' Maelstrom, the protocol navigates basis and custody risk carefully. Expect a markets and risk-focused culture that values hedging discipline, clear reporting and building stable, yield-bearing dollars for DeFi with operational prudence.
