Stablecoin

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Ethena

<a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in">BitcoinWorld</a> <img src="https://bitcoinworld.co.in/wp-content/uploads/1920x1080_17490324051k2t4ZuGlP.jpg" style="display: block; margin: 1em auto"> <a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in/mexc-drives-stablecoin-expansion-after-20m-usde-purchase-and-100m-tvl-milestone/">MEXC Drives Stablecoin Expansion After $20M USDe Purchase and $100M TVL Milestone</a>
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VICTORIA, Seychelles, June 4, 2025 /PRNewswire/ —&nbsp;<a href="https://www.mexc.com/" target="_blank" rel="noopener noreferrer nofollow">MEXC</a>, a leading global cryptocurrency exchange, is shaping its long-term strategy, based on its mission – making crypto more accessible to everyone and building trust within the community. Being a significant player in the market, MEXC drives the whole industry. The effect of its recent investments on the crypto space globally is hard to overestimate.
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As part of this strategy, the exchange has previously made a significant investment of $16 million in Ethena, a leading innovator in the stablecoin space. The investment follows MEXC’s <a href="https://www.globenewswire.com/news-release/2025/02/26/3032653/0/en/MEXC-Invests-20-Million-in-USDe-to-Drive-Stablecoin-Adoption-Launches-1-000-000-Reward-Event.html" target="_blank" rel="noopener noreferrer nofollow">recent acquisition of $20 million</a> worth of USDe, Ethena’s synthetic dollar, which caused a surge in ENA’s trading volume and boosted USDe’s total value locked (TVL).
In May 2025, the TVL of USDe in MEXC recorded a value above $100 million, making it the second-largest holder of USDe TVL among centralized exchanges. This growth aligns with the broader rise of USDe, whose circulating supply has reached nearly <a href="https://coinmarketcap.com/view/stablecoin/" target="_blank" rel="noopener noreferrer nofollow">$5.2 billion</a> — making it the fourth-largest stablecoin by market capitalization. The trust in this coin is backed up by several factors. In contrast to some highly volatile crypto assets, USDe exhibits greater price stability. Also, Ethena employs a unique strategy for maintaining the dollar peg, combining derivatives and on-chain liquidity.
To encourage users to experience and trade USDe, MEXC launched several events and promotional campaigns, including one with an impressive prize pool of <a href="https://blog.mexc.com/mexc-mnt-promotion-up-to-1-million-in-rewards/" target="_blank" rel="noopener noreferrer nofollow">$1 million</a>. Other incentives include zero trading fees, presented as a limited-time <a href="https://www.mexc.com/zero-fee" target="_blank" rel="noopener noreferrer nofollow">Trader’s Fest</a>, aimed at attracting crypto professionals and those who are making their first steps. Within this offering, traders can take advantage of zero-fee trading pairs.
To appeal to risk-averse crypto investors, MEXC comes out with exclusive staking rewards with generous APR (annual percentage rate). These incentives, targeted to various crypto user groups, offer simplicity, innovation and customization. They drive industry as a whole and build confidence among market participants by promoting stablecoins as a more trustworthy instrument and emphasizing transparency and security of operations.
These efforts, benefiting not only MEXC itself, but the crypto market on a larger scale, are followed by astonishing numbers. For instance, in March, the quantity of ENA holders increased by 30%, ENA TVL increased by 14%, and the daily trading volume of ENA increased by 885%. The average spot daily trading volume in March increased by 557% compared to February’s numbers.
By May 2025, ENA’s market capitalization reached 1.96 billion USD, marking a substantial growth from February 2025, when its market cap was approximately half that amount at 1.07 billion USD.
To sum up, MEXC, a cryptocurrency exchange with a years-long history (it was founded in 2018) is making investments in innovative, but at the same time secure instruments. This move emphasizes MEXC’s values and sets positive trends for the crypto industry in the long-term perspective.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday 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.
<a href="https://www.mexc.com/" target="_blank" rel="noopener noreferrer nofollow">MEXC Official Website</a>｜<a href="https://twitter.com/MEXC_Official" target="_blank" rel="noopener noreferrer nofollow">&nbsp;X </a>｜ <a href="https://t.me/MEXCEnglish" target="_blank" rel="noopener noreferrer nofollow">Telegram</a>&nbsp;｜<a href="https://www.mexc.com/learn/article/17827791509543" target="_blank" rel="noopener noreferrer nofollow">How to Sign Up on MEXC</a>
<a href="https://mma.prnewswire.com/media/2668118/MEXC_new_Logo.html" target="_blank" rel="noopener noreferrer nofollow"> <img src="https://bitcoinworld.co.in/wp-content/uploads/MEXC_new_Logo_1749032405rJppUbJyYP.jpg" alt="(PRNewsfoto/MEXC)" title="MEXC Drives Stablecoin Expansion After $20M USDe Purchase and $100M TVL Milestone"> </a>
This post <a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in/mexc-drives-stablecoin-expansion-after-20m-usde-purchase-and-100m-tvl-milestone/">MEXC Drives Stablecoin Expansion After $20M USDe Purchase and $100M TVL Milestone</a> first appeared on <a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in">BitcoinWorld</a> and is written by <a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in/author/chainwire/">chainwire</a>

MEXC Drives Stablecoin Expansion After $20M USDe Purchase and $100M TVL Milestone

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