MEXC has announced a strategic investment of 36 million aimed at accelerating stablecoin innovation.
As part of this initiative, the firm has invested $16 million in Ethena, a leading stablecoin innovator, and purchased 20 million worth of USDe, Ethena’s synthetic dollar.
This investment marks a significant step in MEXC’s commitment to fostering the mass adoption of cryptocurrency and strengthening blockchain infrastructure. The company praised Ethena’s vision and execution in addressing the rising demand for stablecoins within decentralized finance (DeFi), positioning the project as a trailblazer in the sector.
USDe, issued on the Ethereum-based DeFi platform Ethena, is designed to tackle the challenges associated with centralized stablecoins. By building an entire ecosystem around USDe, Ethena aims to deliver more stable and efficient financial solutions. MEXC’s investment strategy aligns with its vision to support diverse stablecoin projects capable of driving the crypto industry forward.
Furthermore, Tracy Jin, COO of MEXC, emphasized the critical role stablecoins play in the broader cryptocurrency market. She noted that stablecoins are expected to attract even greater investment as demand for Bitcoin and other digital assets grows.
“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 Jin.
In addition to financial support, MEXC Ventures plans to boost USDe adoption through various incentives, including zero-fee trading pairs and high-APR staking events. A prize pool of 1 million will be available on centralized exchanges to encourage user participation.
Meanwhile, MEXC recently announced the Roam (ROAM) listing on its spot and futures markets on March 6, 2025, starting at 10:00 UTC. The ROAM/USDT spot trading pair will launch in the Innovation Zone, followed by ROAM USDT perpetual futures at 10:10 UTC. Traders can use up to 50x leverage with cross and isolated margin options.
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