MEXC Ventures Invests $16M in Ethena, Buys $20M of USDe Stablecoin

VICTORIA, Seychelles, March 12, 2025 (GLOBE NEWSWIRE) -- MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has made a strategic investment of $16 million in Ethena

MEXC Ventures, the investment arm of cryptocurrency exchange MEXC, has made a strategic investment of $16 million in Ethena, a leading innovator in the stablecoin space. In addition to this investment, MEXC has purchased $20 million in USDe, Ethena’s synthetic dollar, in a move aimed at promoting broader use and adoption of the token within the crypto ecosystem.

Recognizing the exceptional vision and execution of the Ethena team, who have accurately identified the growing demand for stablecoins within decentralized finance (DeFi), MEXC Ventures is pleased to partner with Ethena. This partnership positions Ethen,e a trailblazer in this emerging space, with a commitment to continuously improving the product and delivering outstanding results.

Stablecoins, a critical element of the broader crypto landscape, are a key area of focus for MEXC, and the firm is particularly optimistic about the potential for USDe and Ethena’s broader ecosystem to transform the stablecoin sector. USDe, issued by the Ethereum-based DeFi platform Ethena, aims to address the centralized challenges faced by stablecoins. Ethena is not just creating a stablecoin – it is building an entire ecosystem around USDe.

“Stablecoins play a pivotal role in the development of the broader cryptocurrency market, and MEXC is fully supportive of their growth. As demand for investment in Bitcoin and other digital assets continues to rise, stablecoins are set to attract even greater investment. MEXC sees Ethena as a key player in the development of diverse stablecoins that will drive the crypto industry forward, supporting broader adoption and providing users with more stable and efficient financial solutions,” said Tracy Jin, COO of MEXC.

This investment in Ethena further underscores MEXC's ongoing commitment to supporting blockchain and crypto infrastructure projects that drive innovation and foster mass adoption.

MEXC Ventures is known for its strategy of investing in and providing ecosystem support for blockchain and DeFi projects. Partnering closely with top public chains and DeFi projects, MEXC Ventures also aims to invest in and incubate early-stage projects, offering operational support such as marketing campaigns and trading initiatives to ensure projects can scale effectively, creating mutually beneficial, win-win partnerships.

In a move to boost stablecoin adoption, MEXC has also acquired $20 million worth of USDe. To encourage users to experience and trade USDe, MEXC will be launching benefits such as zero-fee trading pairs for limited periods and attractive high-APR staking events for USDe on centralized exchanges, with a total prize pool of $1,000,000.

MEXC believes in investing in crypto-native projects that are built to thrive within decentralized ecosystems. Ethena’s innovative synthetic dollar, USDe, is inherently designed for DeFi and reduces the reliance on centralized stablecoin issuers. Looking ahead, MEXC aims to provide users with more opportunities to hold USDe and earn passive income directly on centralized exchanges, further enhancing stablecoins’ accessibility and utility.

About MEXC

Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto". Serving over 34 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. At MEXC, we prioritize simplicity and innovation, making crypto trading more accessible and rewarding.

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