MEXC Ventures Boosts Ethena Investment by $30 Million
MEXC Ventures has increased its support for Ethena by $30 million. this new investment brings MEXC’s total commitment to the Ethena ecosystem to $66 million.
The declaration on October 1 highlights MEXC’s strategy of backing high-growth blockchain projects. This includes providing both capital and operational resources. Ethena, known for its synthetic stablecoin USDe, is now more closely aligned with one of Asia’s top exchanges.
This latest move builds on MEXC’s earlier investments. In the same year, MEXC invested $16 million in Ethena Labs and $20 million in USDe. These investments show MEXC’s role as more then just a trading platform.It also offers infrastructure, technical expertise, and liquidity to supported projects.
Ethena’s growth has been impressive.By September, USDe’s total value locked reached over $14 billion. It also generated over $660 million in fees in the past year. Major exchanges have seen rising demand for ENA, especially after listings on platforms like Upbit.
Institutional and corporate interest in Ethena is also growing. in September, ethena secured a $530 million round lead by StablecoinX and a $20 million investment from M2 Capital in the UAE.
MEXC’s support helps Ethena integrate better into the decentralized finance industry.Unlike conventional venture firms, MEXC uses its exchange infrastructure to provide trading, liquidity, and market reach. Over two years, MEXC has invested over $100 million in 40 projects, offering operational and marketing support.
ethena’s synthetic dollar model is becoming a major alternative to fiat-backed stablecoins. MEXC’s increased investment shows its confidence in this trend continuing.
