MEXC Ventures announced a $36 million investment aimed at accelerating stablecoin innovations.
Investment in Ethena and USDe
As part of this initiative, the firm has invested $16 million in Ethena, a leading stablecoin innovator, and purchased USDe worth $20 million.
Main Goal of the Investments
These investments mark 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.
MEXC Ventures' Plans to Support USDe
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.
MEXC Ventures’ investment in Ethena highlights the company's commitment to advancing the crypto industry by supporting innovative stablecoin projects.
