Ethena plans to promote USDe adoption through gas-free transactions on Ethereum and a 10x reward bonus

BlockBeats News, January 14 — The Safe Foundation announced a strategic partnership with USDe issuer Ethena Labs, aiming to promote the on-chain use of the synthetic US dollar USDe. According to the partnership, transactions of USDe on the Ethereum mainnet will have reduced or even zero Gas costs. Additionally, USDe stored in Safe multi-signature wallets will receive 10 times the points under Ethena’s reward program.

Both parties stated that this cooperation is an important step in guiding the stablecoin economy towards a “self-custody track,” and they hope to establish Safe’s self-custody wallet ecosystem as the preferred gateway for Ethena products.

Data shows that approximately $6.6 billion in stablecoins are currently held in Safe multi-signature custody, including $65.1 million of sUSDe (a staked interest-bearing version of USDe), accounting for nearly 85% of Ethena assets within Safe.