MEXC Invests in Ethena, Stablecoin USEe

This is a U.S. news story, published by CoinGape, that relates primarily to Ethena news.

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MEXC announces investment of $20M in Ethena Labs and USDe

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MEXC, the leading global Cryptocurrency Exchange, announced on Wednesday that it has made a whopping 20 million dollars investment in $USDe in order to drive the stablecoin adoption.

Ethena ’s synthetic dollar stablecoin, USDe, is the third -largest stablecoin by market capitalization after Tether and USD Coin.

USDe maintains its peg to the U.S. dollar via an automated delta-hedging strategy.

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