A New Era for Stablecoin Utility: Ethena and Safe Join Forces
A transformative partnership is reshaping how synthetic dollar assets are used on-chain. Ethena Labs has unveiled a strategic collaboration with Safe Foundation, a cornerstone of Ethereum’s infrastructure, to enhance the real-world utility and incentive structure of its flagship digital dollar.
No Gas, High Rewards: Lowering Barriers to Entry
The alliance introduces dual innovation in both technology and economic design. Users executing transactions on Ethereum will soon experience near-zero gas fees when interacting with the synthetic dollar, dramatically reducing costs for frequent or micro transfers.
Equally impactful, users who hold the asset within Safe’s multi-signature wallets will earn up to 10x bonus points in the platform’s reward program. This not only increases user retention but also reinforces the security benefits of self-custodied, permissionless asset management.
Driving the Self-Custody Revolution
- Shifting stablecoin usage from custodial services to user-controlled wallets
- Expanding real-world adoption through Safe’s established ecosystem
- Incentivizing secure fund management via multi-sig adoption
Over $6.6 billion in stablecoins are already managed through Safe, with nearly 85% tied to Ethena’s ecosystem—including $65.1 million in yield-generating tokens. This signals growing trust among developers and institutions in this integrated approach.
This partnership goes beyond technical integration—it marks a pivotal step toward user sovereignty in decentralized finance. As infrastructure evolves, the mainstream use of synthetic assets is gaining unstoppable momentum.