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MEXC Backs Ethena’s USDe With $20 Million Investment, Launches $1 Million Rewards

MEXC has invested $20 million in USDe, Ethena’s synthetic dollar, to drive stablecoin adoption and expand DeFi innovation. The exchange also launched a $1 million rewards campaign to incentivize participation in the growing stablecoin market.

MEXC, a global crypto exchange has announced a $20 million investment in USDe, the Ethereum-based synthetic dollar issued by Ethena Labs, as part of its broader initiative to boost stablecoin adoption. Additionally, MEXC Ventures has invested $16 million directly in Ethena, underscoring its commitment to fostering decentralized financial infrastructure.

MEXC Backs Ethena’s USDe With $20 Million Investment, Launches $1 Million Rewards

MEXC has invested $20 million in USDe, Ethena’s synthetic dollar, to drive stablecoin adoption and expand DeFi innovation. The exchange also launched a $1 million rewards campaign to incentivize participation in the growing stablecoin market.

MEXC, a global crypto exchange has announced a $20 million investment in USDe, the Ethereum-based synthetic dollar issued by Ethena Labs, as part of its broader initiative to boost stablecoin adoption. Additionally, MEXC Ventures has invested $16 million directly in Ethena, underscoring its commitment to fostering decentralized financial infrastructure.

https://news.bitcoin.com/mexc-backs-ethenas-usde-with-20-million-investment-launches-1-million-rewards/