Safe teams up with Ethena to promote USDe multi-signature applications, with the value of self-custodied stablecoins accelerating release in 2026

In 2026, the integration of stablecoins with institutional-grade wallet infrastructure takes a significant step forward. The Safe Foundation announced a strategic partnership with Ethena Labs, aiming to enhance the efficiency and fund management value of USDe within multi-signature wallets, and to promote broader adoption of self-custodied stablecoin solutions among institutional users. Overall, this move is seen as an important signal of the stablecoin economy transitioning from centralized custody to smart account management.

Safe is one of the most important multi-signature smart account platforms in the current crypto industry, managing over $60 billion in on-chain assets. Ethena Labs is a protocol provider for the decentralized US dollar USDe, which currently has a circulation of over $6 billion, ranking among the leading tokens in the tokenized dollar sector. The core focus of their collaboration is to make Safe the preferred gateway for institutional users to access USDe and sUSDe.

Following the partnership, USDe holders within the Safe ecosystem will immediately receive two direct incentives. First, within Ethena’s existing points system, Safe account holders’ USDe can earn a 10x Ethena Sats points bonus, helping to improve long-term yield expectations for DAOs and institutional fund managers. Second, Safe will cover all gas fees incurred by multi-signature accounts operating USDe on the Ethereum mainnet, providing users with an experience close to “gas-free” operations in the mainnet environment, significantly reducing operational costs.

From a data perspective, institutional demand for Ethena products has been validated within the Safe ecosystem. As of January 2026, approximately 85% of Ethena-related assets held in Safe smart accounts are sUSDe, indicating that DAOs and protocol partners view USDe as a core fund management tool. Currently, Safe has securely custody over $6 billion in stablecoin assets on the Ethereum mainnet, with sUSDe reaching a scale of $6.51 million.

Andre Geest, Vice President of Growth at the Safe Foundation, stated that as stablecoin models become increasingly diversified, Ethena offers solutions that balance liquidity, scale, and security, while Safe provides a highly autonomous, no-compromise interaction environment for institutional users. Guy Young, founder of Ethena Labs, also pointed out that Safe’s long-term security track record lays a critical foundation for the institutional expansion of USDe.

This collaboration between Safe and Ethena not only strengthens the practical value of USDe in multi-signature wallet scenarios but also further accelerates the mainstream adoption of self-custodied stablecoins in 2026.