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MEXC Invests $36M in Ethena to Boost USDe Adoption

Crypto exchange MEXC is throwing some serious weight behind Ethena’s synthetic dollar, USDe, announcing a $20 million allocation to the stablecoin on February 26. On top of that, MEXC Ventures—the exchange’s investment arm—is dropping $16 million into Ethena Labs to juice up user incentives, like high-APR staking events, all aimed at turbocharging stablecoin adoption. We're…

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