MEXC Ventures Invests in Ethena and USDe to Promote Synthetic Stablecoins

TL;DR MEXC Ventures invests $36 million in Ethena and its USDe stablecoin to accelerate the adoption of synthetic dollars within the DeFi ecosystem. USDe is a synthetic stablecoin that maintains its value through collateralizing other stablecoins and holding futures positions, differentiating itself from directly fiat-backed stablecoins. This investment strengthens Ethena’s position amid... source: https://crypto-economy.com/mexc-ventures-invests-in-ethena-and-usde-to-promote-synthetic-stablecoins/