MEXC, one of the world’s leading cryptocurrency trading platforms, has invested $20 million in Ethena’s synthetic dollar, USDE, as part of its commitment to expanding adoption of Stablecoin and promoting innovation within the crypto ecosystem. Meanwhile, MEXC Ventures, the investment arm of Global Cryptocurrency Exchange MEXC, has made a strategic investment of $16 million with Ethena. The acquired USDE will support Stablecoin-related initiatives, including a campaign featuring a $1,000,000 reward pool.
Stablecoins are the foundation of the crypto market, providing liquidity and stability to traders and investors. Ethereum-based Defi Platform Ethena, USDE is designed to overcome the limitations of centralized stubcoins. Not only does Ethena create new digital assets, it also builds a robust ecosystem around USDE, including Ethereal. These developments increase the utility of USDE and contribute to a more dynamic defi landscape.
MEXC’s $20 million investment in USDE to accelerate the adoption of Stablecoin comes with several user-focused incentives. These include zero-fee trading pairs and APR staking events, allowing users to earn rewards worth $1,000,000 while participating in the growing Stablecoin market. These benefits and events will now be accessible through centralized exchanges of MEXC, making it easier for users to explore and trade USDE.
“We’re looking forward to seeing you in the future,” said Tracy Jin, MEXC’s COO.
“Stablecoins play a pivotal role in developing a broader cryptocurrency market, and MexC is committed to supporting the expansion.
“As digital assets adoption increases, Stablecoins attracts greater investment and creates new opportunities for users. We recognize Ecena and USDE as key players in this evolving landscape, making it even more stable. We are excited to be able to contribute to their success by providing efficient financial solutions to our users.”
MEXC is dedicated to investing in projects from crypto origins that thrive in decentralized ecosystems. Assets like USDE that allow for reward-involving means such as SUSDE are essentially designed for Defi and to reduce reliance on centralized Stablecoin publishers. Looking ahead, MEXC aims to further enhance Stablecoin accessibility by increasing the chances of users retaining USDE and directly obtaining passive rewards in centralized exchanges.
About mexc
Founded in 2018, MEXC is committed to becoming the “easiest way to crypto.” MEXC serves over 32 million users in over 170 countries, so it is known for its wide selection of trend tokens, frequent airdrop opportunities and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, providing safe and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto transactions more accessible and rewarding.
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