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Safe and Ethena Partner To Boost USDe On Multisig Wallets

Safe Foundation, steward of the smart account platform securing over $60 billion in assets, and Ethena Labs, the protocol behind the $6 billion+ stablecoin USDe, have announced a strategic partnership. The collaboration aims to boost institutional adoption and user experience for USDe within Safe’s multisig ecosystem. Key benefits include a 10x multiplier on Ethena Sats Points for Safe users holding USDe and gas-free Ethereum mainnet transactions for all USDe-related interactions. The partnership builds on strong institutional traction, as 85% of Ethena assets in Safe accounts are held in staked sUSDe, indicating significant use in treasury strategies by DAOs and institutions. Both entities emphasize Safe’s security and self-custody strengths as critical for Ethena’s growth in DeFi.

TheNewsCrypto01/13 14:19