Safe Powers LATAM’s DeFi Revolution Through El Dorado and Picnic

Samuel Akpan
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Safe & Samuel Akpan

InsightsFeb 14, 20253 min read
Safe Smart Accounts Power LATAM’s DeFi Revolution Through El Dorado and Picnic
As LATAM emerges as one of the fastest-growing crypto markets globally, Safe smart accounts are providing the secure, adaptable infrastructure driving this surge. Builders like El Dorado and Picnic are transforming how people interact with decentralized finance (DeFi), bringing innovative solutions to millions across the region. From seamless self-custodial wallets to intuitive DeFi tools, these projects are proof that Safe’s technology is bringing the world GDP Onchain.

As LATAM emerges as one of the fastest-growing crypto markets globally, Safe smart accounts are providing the secure, adaptable infrastructure driving this surge. Builders like El Dorado and Picnic are transforming how people interact with decentralized finance (DeFi), bringing innovative solutions to millions across the region. From seamless self-custodial wallets to intuitive DeFi tools, these projects are proof that Safe’s technology is bringing the world GDP Onchain.

Safe’s smart account infrastructure is uniquely positioned to support the diverse needs of LATAM’s rapidly expanding crypto ecosystem. Through features like account abstraction, multi-signature functionality, and secure transaction batching, Safe empowers builders to focus on innovation without compromising security or user experience.

With Safe’s adaptable architecture, projects like El Dorado and Picnic are able to streamline everything from peer-to-peer stablecoin transactions to institutional-grade DeFi solutions—all while ensuring their users enjoy the benefits of decentralization with a familiar, user-friendly experience.

El Dorado: LATAM’s Stablecoin SuperApp

El Dorado is leading the way in connecting TradFi and stablecoins in Latin America. As the region’s premier Stablecoin-powered SuperApp, El Dorado bridges the gap between traditional finance and stablecoins like USDT and USDM, enabling interoperability across 70+ top finance apps in LATAM.

How El Dorado Leverages Safe:

  • Secure Self-Custodial Wallets: Safe smart accounts allow El Dorado users to enjoy seamless and secure account abstraction, ensuring they retain full control of their assets.

  • Built-in Smart Recovery: Users can regain wallet access even if they lose their main device, offering peace of mind for newcomers and seasoned crypto users alike.

  • Gasless Transactions: With Safe’s architecture, El Dorado users can pay for gas in any token, simplifying the transaction process.

In just two months after integrating Safe, 5,000 wallets were activated, processing $1M in transaction volume. Since its launch, El Dorado has powered 3.6M USDT peer-to-peer transactions for 500,000+ users, with total transactional volume exceeding $100M.

What’s Next for El Dorado?

In 2025, El Dorado will roll out a suite of B2B tools for merchants, enabling gasless USDT payments, bulk payroll processing, and streamlined company treasury management—all built on Safe’s secure infrastructure.

Picnic: Fintech Powered DeFi

Picnic is making DeFi as intuitive as traditional finance, catering to a diverse audience that ranges from first-time crypto users to experienced traders. Picnic’s mission is simple: connect people to the frontier of finance and make it accessible to everyone.

How Picnic Leverages Safe:

  • Transaction Batching & Multisig Security: Safe smart accounts power Picnic’s secure yet flexible financial workflows.

  • Chain Abstraction: Picnic’s integration with Safe eliminates the complexity of interacting with multiple blockchains.

  • Built-In Ecosystem Benefits: By architecting its platform around Safe, Picnic gains instant access to Safe’s modules, upgrades, and ecosystem innovations.

In 2024, Picnic achieved 100x growth reflecting surging demand for accessible DeFi solutions. Their platform retention rates outperform most consumer wallets, signaling strong fundamentals and continued growth potential.

What’s Next for Picnic?

In 2025, Picnic will:

  • Launch a mobile app to simplify DeFi adoption for less sophisticated users.

  • Integrate with Gnosis Pay, unlocking the cheapest international payment cards for Brazilians.

  • Expand payment features, including ENS-based transactions and yield products that offer flexible, penalty-free deposits and withdrawals.

 

Safe's HUGE Numbers in 2024:

  • $100B+ total assets stored

  • 53M transactions executed

  • 20M accounts deployed

  • 200+ ecosystem projects built on Safe’s standard

Safe in 2025 

As LATAM’s crypto market continues to evolve, Safe’s user base entrusts it with over $100B in assets, reflecting a broader shift toward projects that deliver sustainable, real-world value. In the RWA space, Safe’s RWA Protocol introduced Safenet, a transaction co-processing network that promises millions in revenue-sharing opportunities.

From secure self-custodial wallets to intuitive DeFi solutions, Safe is enabling builders like El Dorado and Picnic to redefine the financial landscape in LATAM. Together, they’re proving that Safe is an evolving ecosystem that’s helping move the world’s GDP on-chain 


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