MEXC has announced a strategic investment of $36 million in Ethena. This investment consists of $20 million allocated towards supporting Ethena’s synthetic dollar, USDe, and an additional $16 million to fund user incentive programs through Ethena Labs. The aim is to foster user engagement and drive adoption of stablecoin alternatives. As the crypto market continues to evolve, MEXC’s backing of Ethena signals confidence in the future of digital assets and their potential impact on the financial landscape.