Ethena partners with Safe Foundation to promote the adoption of USDe through gas-free transactions and 10x rewards.

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Release Time: 01/13/2026 16:46:28

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Summary

Ethena and the Safe Foundation are promoting blockchain adoption through a new partnership aimed at expanding the usage of USDe. The collaboration provides gas-free or low-cost Ethereum mainnet transactions for USDe and offers 10 times the rewards for users who hold it in Safe multisignature wallets. Currently, over $660 million in stablecoins is stored in Safe multisignature wallets, including $65.1 million in sUSDe, which accounts for nearly 85% of Ethena's assets on the platform. This initiative supports Web3 adoption by encouraging self-custody and positioning Safe as a key entry point for Ethena's products.

BlockBeats News: On January 14, Safe Foundation announced a strategic partnership with Ethena Labs, the issuer of USDe, aiming to promote the usage of the on-chain synthetic dollar, USDe. Under the terms of the collaboration, transactions of USDe on the Ethereum mainnet will incur reduced or even zero gas fees. Additionally, USDe held in Safe multisignature wallets will receive 10 times the points under Ethena's points program.

Both parties expressed that this collaboration represents a significant step toward steering stablecoin economies toward a "self-custody trajectory," and they aim to build Safe's self-custody wallet ecosystem as the preferred entry point for Ethena's products.

The data shows that approximately $6.6 billion in stablecoins are currently custodied by Safe multisignature wallets, including $65.1 million in sUSDe (the staking interest-bearing version of USDe), which accounts for nearly 85% of Ethena's total assets within Safe.

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