MEXC purchases $20 million in USDe to boost stablecoin adoption and support $1M campaign prize pool
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Seychelles, February 26, 2025 – MEXC, the world’s leading cryptocurrency trading platform, announced that it has purchased $20 million in USDe, Ethena’s synthetic dollar, in a move aimed at promoting broader use and adoption of innovative stablecoins and similar assets within the crypto ecosystem.
Meanwhile, MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has made a strategic investment of $16 million in Ethena.
The acquired USDe will support stablecoin-related initiatives, including a campaign featuring a $1,000,000 reward pool.
Stablecoin acts as a critical element of the broader crypto landscape. USDe, issued by the Ethereum-based DeFi platform Ethena, aims to address the centralized challenges faced by stablecoins.
Ethena is not just creating a stablecoin – it is building an entire ecosystem around USDe. With the upcoming launch of Ethereal, a spot trading platform, and Derive, an on-chain options protocol, Ethena is adding vital infrastructure to the DeFi landscape.
These initiatives will further strengthen the utility of USDe, enabling a more dynamic and expansive DeFi ecosystem.
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.
“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. MEXC sees Ethena and USDe as key players 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 Tracy Jin, COO of MEXC.
MEXC believes in investing in crypto-native projects that are built to thrive within decentralized ecosystems. Assets such as USDe which enable reward-bearing assets like sUSDe 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 rewards from MEXC directly on centralized exchanges, further enhancing stablecoins’ accessibility and utility.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
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Author: Diego Almada Lopez
