Gregory Pudovsky
Revealed: March 12, 2025 at 10:46 am Up to date: March 12, 2025 at 10:46 am
In Temporary
MEXC Ventures has made a strategic funding of $16 million in Ethena and has bought $20 million value of USDe to advertise its broader use and adoption inside the crypto ecosystem.
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 within the stablecoin house. Along with this funding, MEXC has bought $20 million in USDe, Ethena’s artificial greenback, in a transfer aimed toward selling broader use and adoption of the token inside the crypto ecosystem.
MEXC Ventures acknowledges the distinctive imaginative and prescient and execution of the Ethena group, who’ve precisely recognized the rising demand for stablecoins inside decentralized finance (DeFi). Their dedication to repeatedly bettering the product with excellent execution positions Ethena as a trailblazer on this rising house.
Stablecoins, as a essential component of the broader crypto panorama, are a key space of focus for MEXC, and the agency is especially optimistic concerning 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 isn’t just making a stablecoin – it’s constructing a complete 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 within the improvement 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 draw even better funding. MEXC sees Ethena as a key participant within the improvement of numerous stablecoins that can drive the crypto trade ahead, supporting broader adoption and offering customers with extra steady and environment friendly monetary options,” mentioned 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 put money into and incubate early-stage initiatives, whereas providing operational help resembling 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 spice up 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 resembling zero-fee buying and selling pairs and engaging high-APR staking occasions, which can be launched with a prize pool of $1,000,000. These advantages can be out there to customers on centralized exchanges.
MEXC believes in investing in crypto-native initiatives which can be constructed to thrive inside decentralized ecosystems. Revolutionary artificial greenback, resembling USDe, are inherently designed for DeFi and scale back the reliance on centralized stablecoin issuers. Trying forward, MEXC goals to offer customers with extra alternatives to carry USDe and earn passive revenue instantly on centralized exchanges, additional enhancing stablecoins’ accessibility and utility.
About MEXC
Based in 2018, MEXC is dedicated to being “Your Best Strategy to Crypto”. Serving over 34 million customers throughout 170+ international locations and areas, MEXC is thought for its broad number 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 traders, 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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About The Writer
Gregory, a digital nomad hailing from Poland, shouldn’t be solely a monetary analyst but additionally a priceless contributor to varied on-line magazines. With a wealth of expertise within the monetary trade, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is at the moment devoted to writing a e-book about cryptocurrency and blockchain.
Extra articles
Gregory, a digital nomad hailing from Poland, shouldn’t be solely a monetary analyst but additionally a priceless contributor to varied on-line magazines. With a wealth of expertise within the monetary trade, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is at the moment devoted to writing a e-book about cryptocurrency and blockchain.
