On February 26, 2025, MEXC, a leading cryptocurrency exchange, announced a $20 million investment in USDe, Ethena's synthetic dollar, to promote stablecoin adoption. MEXC Ventures, the investment arm of MEXC, also made a strategic $16 million investment in Ethena. The acquired USDe will support stablecoin initiatives, including a $1,000,000 reward pool campaign. This initiative includes zero-fee trading pairs and high-APR staking events, allowing users to earn rewards while participating in the stablecoin market. MEXC aims to enhance stablecoin accessibility, allowing users to hold USDe and earn passive rewards directly on the exchange.
MEXC Invests $36 Million in Ethena's USDe to Boost Stablecoin Adoption
Edited by: Yuliya Shumai
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