MEXC Ventures Invests $16M in Ethena, the Synthetic Dollar Stablecoin Ecosystem

VICTORIA, Seychelles, March 12, 2025 (GLOBE NEWSWIRE) — MEXC Ventures, the investment arm of the global cryptocurrency exchange

VICTORIA, Seychelles, March 12, 2025 (GLOBE NEWSWIRE) --

Announcing a strategic investment of $16 million in Ethena, a leading innovator in the stablecoin space, and the purchase of $20 million in USDe, Ethena's synthetic dollar, to promote broader use and adoption of the token within the crypto ecosystem, both actions taken by the global cryptocurrency exchange MEXC.

The investment arm of MEXC, known as MEXC Ventures, has keenly observed Ethena's exceptional vision and execution in accurately identifying the growing demand for stablecoins within decentralized finance (DeFi). With a focus on continuously improving the product with outstanding execution, Ethena is positioning itself as a trailblazer in this emerging space.

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

This investment showcases MEXC's commitment to supporting blockchain and crypto infrastructure projects that drive innovation and foster mass adoption.

"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. We at MEXC see Ethena as a key player in the development of diverse stablecoins that will drive the industry forward, supporting broader adoption and providing users with more stable and efficient financial solutions," said Tracy Jin, COO of MEXC.

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

In an effort to boost stablecoin adoption, MEXC has acquired $20 million worth of USDe. This strategic move is designed to encourage users to experience and trade USDe by offering incentives such as zero-fee trading pairs and attractive high-APR staking events, which will be launched with a prize pool of $1,000,000. These benefits will be available to users on centralized exchanges.

MEXC prefers investing in crypto-native projects that are built to thrive within decentralized ecosystems. Innovative synthetic dollar, such as USDe, are inherently designed for DeFi and reduce 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.

Founded in 2018 and serving over 34 million users in 170+ countries and regions, MEXC is a global cryptocurrency exchange that guides users through the simplest and smoothest experience in the crypto industry. The exchange is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees.

Catering to both new traders and experienced investors, MEXC offers seamless access to digital assets with its user-friendly interface and secure environment. The company prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.