Guess What MEXC is Doing with a Whopping $100 Million in Stablecoins?

by

Oh, you didn’t think MEXC was just sitting around, did you? No, no, they’ve been busy, and by busy, I mean diving headfirst into the world of stablecoins with a big ol’ cannonball. They’ve now got their grubby hands on over $100 million worth of USDe, which is a synthetic stablecoin that’s starting to make waves in the crypto world. Talk about making an entrance! 🏊‍♂️

Now, hold onto your hats because this isn’t MEXC’s first rodeo. Back in February 2025, they tossed $16 million into the Ethena pot, and then, just to show off, they scooped up $20 million worth of USDe. And what did they do next? Well, they released the stablecoin, because why not, right? 😎

Suddenly, USDe is the talk of the town, and everyone’s checking out its governance token, ENA. In March, ENA did the unthinkable, boosting the number of holders by 30%, TVL by 14%, and daily trading volume by a jaw-dropping 885%! 💥 If that doesn’t make you do a double-take, I don’t know what will.

And hold your applause because it gets even juicier. Between February and May, the market value of the whole shebang skyrocketed by $800 million. Yes, you read that right – it shot up from $1.07 billion to a nearly mind-blowing $1.95 billion. Cha-ching! 💰

But here’s the kicker. USDe is now hanging out with the big boys. It’s officially the third-largest stablecoin, right after USDT and USDC, with a whopping $5.8 billion in supply. While other stablecoins are backed by fiat (yawn), USDe does its own thing with derivatives and blockchain wizardry, keeping it tightly tethered to the U.S. dollar. Fancy, huh?

With MEXC jumping on board, it looks like centralized exchanges are finally taking a step into the Web3 future, slowly but surely. They’re embracing non-traditional, yet reliable, stablecoins like USDe, and pushing them into the mainstream. You can almost hear the sound of a new era beginning… 🎉

Read More

2025-06-04 20:24