tl;dr
MEXC, a global cryptocurrency exchange founded in 2018, is advancing its long-term strategy to make crypto more accessible and build community trust. It invested $16 million in Ethena, a stablecoin innovator, and acquired $20 million worth of Ethena's synthetic dollar, USDe, boosting USDe's total va...
MEXC is advancing its long-term strategy to make cryptocurrency more accessible and trustworthy through significant investments in stablecoin innovation, particularly focusing on Ethena’s USDe.
By acquiring $20 million worth of USDe and investing $16 million in Ethena, MEXC has fueled substantial growth in USDe’s trading volume and total value locked (TVL), positioning USDe as the fourth-largest stablecoin by market capitalization with nearly $5.2 billion in circulating supply as of mid-2025.
To promote USDe and attract various user groups, MEXC has launched multiple campaigns such as zero-fee trading and staking rewards with attractive annual percentage rates (APRs). These initiatives aim to boost market confidence, foster engagement, and introduce simpler, more transparent stablecoin options.
These efforts have yielded remarkable results: from early to mid-2025, the number of ENA token holders rose by 30%, ENA’s TVL increased by 14%, and its daily trading volume surged by 885%. Overall average spot daily trading volume grew by 557% compared to the previous month, while ENA’s market capitalization nearly doubled from $1.07 billion in February to $1.96 billion in May 2025.
Founded in 2018, MEXC serves over 40 million users across more than 170 countries, offering a user-friendly platform with a wide array of trending tokens, low fees, and secure access to digital assets. MEXC’s mission centers on simplifying crypto trading and driving industry innovation, building long-term trust and accessibility within the community.
Through its significant investments in Ethena and promotional strategies, MEXC is not only strengthening its own position but also setting positive, enduring trends for the broader crypto industry by promoting stability, transparency, and security.