Ethena Labs has partnered with Safe Foundation to enhance the adoption of its synthetic dollar, USDe, through strategic incentives. The collaboration will allow USDe transactions on the Ethereum mainnet to benefit from reduced or zero gas fees. Additionally, USDe held in Safe multisignature wallets will earn 10 times the points in Ethena's rewards program. This initiative aims to promote stablecoin economies towards a self-custody model, positioning Safe's wallet ecosystem as a key entry point for Ethena's offerings. Currently, Safe multisignature wallets hold approximately $6.6 billion in stablecoins, including $65.1 million in sUSDe, which represents 85% of Ethena's assets within Safe.
Ethena and Safe Foundation Partner to Boost USDe Adoption with Gas-Free Transactions
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