MEXC Allocates $20 Million for USDe Investment to Boost Stablecoin Popularity, Kicking Off a $1,000,000 Reward Campaign

Seychelles, February 26, 2025 – MEXC, the leading cryptocurrency trading platform globally, has invested $20 million into USDe, Ethena's synthetic dollar, reinforcing its dedication to promoting stablecoin adoption and driving innovation in the cryptocurrency ecosystem. Additionally, MEXC Ventures, the investment branch of the global exchange MEXC, has injected $16 million into Ethena. The USDe acquired will facilitate various stablecoin-related initiatives, including a campaign featuring a $1,000,000 reward pool .

Stablecoins serve as essential components in the cryptocurrency market, enhancing liquidity and stability for both investors and traders. USDe, which is issued by the Ethereum-based DeFi platform Ethena, is crafted to address the challenges posed by conventional centralized stablecoins. Ethena is not merely introducing a new digital asset—it is constructing a comprehensive ecosystem around USDe , which encompasses Ethereal , a platform for spot trading, and Derive , an options protocol on the blockchain. These advancements not only increase the practicality of USDe but also enrich the dynamic nature of the DeFi sector. In a bid to fast-track the acceptance of stablecoins, MEXC's ambitious $20 million investment in USDe is paired with enticing incentives aimed at users. This includes trading pairs with zero fees and high-APR staking opportunities, enabling users to accumulate $1,000,000 worth of rewards while actively engaging in the expanding stablecoin marketplace. Access to these perks and events will be simplified through MEXC's centralized exchange, allowing users to navigate and trade with USDe effortlessly. “Stablecoins are crucial for the advancement of the cryptocurrency landscape, and MEXC is devoted to promoting their growth,” stated Tracy Jin, COO of MEXC . “As the acceptance of digital assets grows, the investment in stablecoins will increase, offering new avenues for users. We see Ethena and USDe as pivotal contributors to this evolving scenario, and we are thrilled to assist in their growth by equipping users with more stable and efficient financial tools.”

MEXC is focused on investing in projects that are inherently decentralized. Assets like USDe , which allow for the creation of reward-bearing instruments such as sUSDe, are specifically crafted for the DeFi domain and decrease the dependency on traditional stablecoin issuers. Looking ahead, MEXC plans to further facilitate stablecoin availability, offering users more pathways to acquire USDe and enjoy passive rewards directly through centralized exchanges.

Established in 2018, MEXC aims to be the ‘Easiest Way to Crypto.’ Catering to over 32 million users in more than 170 countries, MEXC offers a diverse array of trending tokens, numerous airdrop chances, and competitive trading fees. Our intuitive platform caters to both novice traders and seasoned investors, providing secure and efficient access to digital assets. At MEXC, we focus on making cryptocurrency trading straightforward and rewarding through continuous innovation.

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Gregory, a digital nomad from Poland, not only excels as a financial analyst but also contributes significantly to various online publications. His extensive background in finance has gained him recognition across numerous platforms. In his spare time, Gregory is working diligently on a book focused on cryptocurrency and blockchain. MEXC Official Website ｜ X ｜ Telegram ｜ How to Sign Up on MEXC