MEXC Ventures Raises Ethena Investment to $66M

Investment in Ethena Ecosystem - MEXC Ventures has increased its investment in the Ethena ecosystem to a total of $66 million, including a recent $30 million investment in the governance token ENA [1] - This follows earlier investments of $16 million in ENA and $20 million in USDe made earlier this year [1] USDe Stablecoin Overview - USDe is a synthetic stablecoin designed to track the dollar's value without traditional reserves, utilizing collateralized stablecoins and futures contracts [2] - The market capitalization of USDe has nearly tripled from approximately $5.3 billion in early July to $14.65 billion [2] - Traditional stablecoins, such as USDT, continue to dominate the market, with USDT holding a market capitalization of $174.7 billion [2] MEXC Ventures Investment Strategy - MEXC Ventures has invested over $100 million across 40 projects and has provided enhanced support to seven of these projects [3] - The company positions itself as an ecosystem builder rather than a passive investor, according to Leo Zhao, Investment Director of MEXC Ventures [3]