KEY TAKEAWAYS
- Safe partners with El Dorado to integrate smart contract infrastructure into a new self-custodial wallet, enhancing security for stablecoin transactions in Latin America.
- El Dorado’s platform has facilitated over 3 million USDT transactions, serving 400,000 users across multiple Latin American countries.
- The partnership aims to empower users with secure financial tools, addressing the demand for self-sovereignty in digital asset management.
- This collaboration is set to reshape the payments landscape in Latin America by introducing a secure, user-friendly self-custodial wallet.
Safe, a prominent provider of smart account infrastructure, has announced a strategic partnership with El Dorado, a leading stablecoin-powered SuperApp in Latin America. This collaboration aims to integrate Safe’s audited smart contract infrastructure into El Dorado’s new self-custodial wallet, enhancing security and user experience for stablecoin transactions across the region.
El Dorado’s platform has already facilitated over 3 million peer-to-peer USDT transactions for more than 400,000 users across countries such as Argentina, Bolivia, Brazil, Colombia, Panama, Peru, and Venezuela. By incorporating Safe’s technology, the new self-custodial wallet will provide users with increased reliability and security when transacting and saving in stablecoins.
Empowering Users with Secure Financial Tools
The partnership addresses the growing demand for self-sovereignty and secure financial tools in Latin America. Safe, known for its robust security and audit reliability, is trusted by some of the world’s largest decentralized finance (DeFi) protocols. Richard Meissner, Co-Founder of Safe, stated, “At Safe, our focus is on delivering robust, secure, and user-centric infrastructure for digital asset management.”
Juan Andreu, CTO and Co-Founder of El Dorado, emphasized the importance of accessibility and security, noting, “El Dorado’s mission has always been to make stablecoins accessible, usable, and secure for Latin Americans.” The integration of Safe’s smart contracts into El Dorado’s platform is expected to empower users to take control of their assets with confidence.
Reshaping the Payments Landscape
With Safe’s security-first infrastructure and El Dorado’s focus on interoperability across more than 70 of Latin America’s top finance apps, this partnership is poised to reshape the region’s payments landscape. The introduction of a secure and user-friendly self-custodial wallet is set to enable users to participate confidently in the growing digital dollar economy.
For more information about the partnership and upcoming initiatives, visit the announcement here.
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