MEXC Invests $36M in Ethena to Boost USDe Stablecoin Adoption

• MEXC allocated $20 million to USDe to enhance stablecoin adoption and offer users attractive yield opportunities.
• A $16 million investment in Ethena Labs will fund stablecoin incentives, including staking rewards and user-focused initiatives.
• Ethena secured $100 million in funding to develop iUSDe, a regulated stablecoin, and expand its blockchain ecosystem.

MEXC has allocated $20 million to Ethena’s USDe, reinforcing its commitment to stablecoin adoption. The synthetic dollar USDe has gained traction by offering holders a 9% yield, differentiating itself from traditional stablecoins like USDT and USDC. With a current market capitalization of $5.86 billion, USDe ranks as the third-largest stablecoin by market cap.

$16 Million Investment in Ethena Labs

MEXC Ventures, the investment division of MEXC, has committed $16 million to Ethena Labs. These funds will be used for stablecoin-related incentives, including high-APR staking opportunities designed to attract more users. This investment aligns with Ethena’s broader strategy of expanding the USDe ecosystem and driving mainstream adoption of synthetic dollars.

To further promote USDe, MEXC has introduced a $1 million reward pool campaign. This initiative encourages participation in the ecosystem by providing additional incentives for users. The campaign aligns with Ethena’s broader objective of strengthening its market position through user engagement and strategic funding.

Ethena Labs Expands with iUSDe and Blockchain Development

Ethena recently secured $100 million in funding, with backing from major investors, including Franklin Templeton. This funding was raised through a private sale of its governance token, ENA. A significant portion of these funds will support the launch of iUSDe, a regulated version of USDe designed for institutional investors seeking crypto exposure without direct digital asset investments. Additionally, Ethena intends to allocate resources toward developing its blockchain infrastructure.

ENA experienced a 7% price increase in the last 24 hours after MEXC conducted its investment. The trading price reached $0.44 with a trading volume surpassing $300 million. The market demonstrates increasing trust in Ethena’s ecosystem through elevated prices because of its anticipated influence on how its expanding financial structure benefits users.