Catenaa, Friday, January 23, 2026- Ethena Labs and Safe Foundation announced a partnership to reduce Ethereum gas costs for USDe transactions and increase reward point earnings for USDe held in Safe multisig wallets.
The collaboration targets broader adoption of USDe, one of the largest tokenized dollars onchain, positioning Safe’s self-custodial wallet ecosystem as a primary platform for accessing Ethena’s products.
USDe holders in Safe wallets will receive a tenfold boost on points accrued in the current rewards program.
Safe, spun out of Gnosis R&D, manages approximately $6.6 billion in stablecoins via multisig wallets, including $65.1 million of yield-bearing sUSDe.
The platform offers fully onchain, programmable, non-custodial smart contract management, widely used by DAOs and crypto-native teams.
USDe maintains its $1 peg using a delta-neutral strategy with long crypto positions hedged by short-perpetual contracts, earning returns via funding rates and basis spreads.
Though often categorized alongside stablecoins like USDT and USDC, Ethena Labs emphasizes its synthetic-dollar model as a crypto-native alternative without fiat reserves.
The partnership aims to integrate USDe more deeply into decentralized finance ecosystems while incentivizing participation through enhanced rewards and frictionless transactions.
Ethena Labs has also been expanding its stablecoin-as-a-service offerings, recently supporting Solana-based Jupiter.
