💵 MEXC platform increases its holdings of USDe to over $100 million
Event:
MEXC platform has raised its investments in the stablecoin USDe (from Ethena Labs) to over $100M.
Objective:
Enhance liquidity in its Earn and DeFi products, betting on the USDe model supported by synthetic yields.
Analysis:
A bold step in the competitive stablecoin market, with increasing interest in “expandable stablecoins with yields.”