MEXCThe global cryptocurrency exchange with more than 40 million users is increasing its commitment to innovation and decentralization by expanding its investment footprint in the Stablecoin sector. It is recent $ 36 million strategic thrust – An investment of $ 16 million in Ethena Labs and the purchase of $ 20 million in USDE, is already sending domain effects throughout the decentralized finance ecosystem (DEFI).
USDE, the synthetic dollar issued by Ethena, has quickly become one of the most influential stable in the market, rising to third place for market capitalization with a circulating supply that is approaching $ 5.8 billion As of June 2025. The unique hybrid plug model of Ethena, which combines cryptographic derivatives and liquidity strategies in the chain, distinguishes the USDE of the most traditional collateralized stable such as the USDT and the USDC.
MexC’s aggressive position is more than a financial commitment: it is a long -term play to remodel the user experience and generate confidence in the cryptographic sector. According to the data in the chain, Mexc is now located as the second largest central exchange for total value of USDE (TVL), with deposits greater than $ 100 million alone in May 2025. This milestone is aligned with the increase of Ethena on TVL and a greater adoption of its government token, ENA.
To encourage participation, MEXC has launched a set of promotional campaigns, which include commercial zero rates events, programs that offer up to 400% APR and a $ 1 million awards group as part of its ongoing commercial festival. These initiatives have led to a significant impulse in the metrics in the chain. In March, ERA holders increased by 30%, while Enaa’s daily negotiation volume exploded by 885%. The average spot average daily negotiation volume in MEXC in March also increased 557% compared to February.
As a result, ERA market capitalization has almost doubled in three months, increasing from $ 1.07 billion in February to $ 1.9 billion for May.
Mexc’s support for emerging stablecoin protocols as Ethena reflects changing priorities in cryptography, far from speculation and scalable and performance infrastructure. What we are witnessing is an CEX that behaves more as a defined institution.
Ethena USDE has also won traction on other key platforms, including Pendle Finance, where users can token and exchange future yields from the USDE rethinking strategies. This has contributed to the integration of the USDE in a growing number of protocols, reinforcing its reputation as a productive and relatively stable digital dollar alternative.
Run in 2018, MEXC has been traditionally recognized for supporting emerging Token listings and offering low rate trade for retail users. However, their recent movements indicate a strategic change towards a deeper participation in the defi infrastructure, aligning with broader trends in the cryptographic space, where centralized exchanges are intertwining more with liquidity in the chain and decentralized financial rails.
As the cryptographic industry continues to recover from the recent market contractions and regulatory challenges, Mexc’s strategic commitment to stability, scalability and composability seems to be paying off, both for its users and for the wider digital assets ecosystem.
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Image credits: MEXC
