VICTORIA, Seychelles, March 12, 2025 (GLOBE NEWSWIRE) — MEXC Ventures, the funding arm of the worldwide cryptocurrency trade MEXC, has made a strategic funding of $16 million in Ethena, a number one innovator in the stablecoin house. As well as to this funding, MEXC has bought $20 million in USDe, Ethena’s artificial greenback, in a transfer geared toward selling broader use and adoption of the token throughout the crypto ecosystem.
MEXC Ventures acknowledges the distinctive imaginative and prescient and execution of the Ethena staff, who’ve precisely recognized the rising demand for stablecoins inside decentralized finance (DeFi). Their dedication to repeatedly enhancing the product with excellent execution positions Ethena as a trailblazer in this rising house.
Stablecoins, as a essential factor of the broader crypto panorama, are a key space of focus for MEXC, and the agency is especially optimistic in regards to the potential for USDe and Ethena’s broader ecosystem to remodel the stablecoin sector. USDe, issued by the Ethereum-based DeFi platform Ethena, goals to deal with the centralized challenges confronted by stablecoins. Ethena is not only making a stablecoin – it’s constructing a whole ecosystem round USDe. This funding underscores MEXC’s ongoing dedication to supporting blockchain and crypto infrastructure initiatives that drive innovation and foster mass adoption.
“Stablecoins play a pivotal function in the event of the broader cryptocurrency market, and MEXC is totally supportive of their development. As demand for funding in Bitcoin and different digital belongings continues to rise, stablecoins are set to entice even better funding. MEXC sees Ethena as a key participant in the event of numerous stablecoins that may drive the crypto trade ahead, supporting broader adoption and offering customers with extra steady and environment friendly monetary options,” stated Tracy Jin, COO of MEXC.
MEXC Ventures is dedicated to strategic investments and offering complete ecosystem help for blockchain and DeFi initiatives. By partnering with high public chains and DeFi initiatives, MEXC Ventures goals to make investments in and incubate early-stage initiatives, whereas providing operational help comparable to advertising and marketing campaigns and buying and selling initiatives. This technique ensures that initiatives can scale successfully, creating mutually helpful, win-win partnerships.
In an effort to increase stablecoin adoption, MEXC has acquired $20 million value of USDe. This strategic transfer is designed to encourage customers to expertise and commerce USDe by providing incentives comparable to zero-fee trading pairs and enticing high-APR staking occasions, which might be launched with a prize pool of $1,000,000. These advantages might be accessible to customers on centralized exchanges.
MEXC believes in investing in crypto-native initiatives which might be constructed to thrive inside decentralized ecosystems. Progressive artificial greenback, comparable to USDe, are inherently designed for DeFi and scale back the reliance on centralized stablecoin issuers. Wanting forward, MEXC goals to present customers with extra alternatives to maintain USDe and earn passive earnings straight on centralized exchanges, additional enhancing stablecoins’ accessibility and utility.
About MEXC
Based in 2018, MEXC is dedicated to being “Your Best Method to Crypto”. Serving over 34 million customers throughout 170+ international locations and areas, MEXC is thought for its broad collection of trending tokens, frequent airdrop alternatives, and low buying and selling charges. Our user-friendly platform is designed to help each new merchants and skilled buyers, providing safe and environment friendly entry to digital belongings. MEXC prioritizes simplicity and innovation, making crypto buying and selling extra accessible and rewarding.
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