Ethena intends to drive USDe adoption through Ethereum feeless transactions and a 10x reward bonus

BlockBeats News, January 14th, Safe Foundation announced a strategic partnership with the USDe issuer Ethena Labs to promote the use of the on-chain synthetic dollar USDe. According to the partnership, transactions of USDe on the Ethereum mainnet will have reduced or even waived Gas costs, and USDe held in Safe's multi-signature wallet will receive a 10x bonus in points under the Ethena loyalty program.

Both parties stated that this partnership 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 entry point for Ethena products.

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