Ethena aims to promote the adoption of USDe through gas-free transactions on Ethereum and a 10x reward boost

According to The Block, the Safe Foundation announced on Tuesday a strategic partnership with USDe issuer Ethena Labs, aimed at reducing the Gas fee costs for USDe transactions on the Ethereum mainnet and enhancing the rewards earning potential for USDe stored in Safe multi-signature wallets.

Safe accounts holding USDe will now receive "a 10x multiplier on the points accumulated during the current Ethena points program period." The two companies stated, "This collaboration marks a broader strategic initiative by Safe to drive the stablecoin economy towards a self-custody model, and this partnership formally establishes both parties' commitment to positioning the Safe self-custody wallet ecosystem as the preferred platform for accessing Ethena products."