Mexc, the global cryptocurrency exchange with over 40 million users, has ramping up its commitment to change and decentralization by expanding its investment trace in the Stablecoin sector. The recent $ 36 million Push Push – a $ 16 million investment in Etherna Labs and the purchase of $ 20 million to USDE – is already sending Ripple effects throughout the decentralized financial ecosystem (DEFI).
The USDE, the synthetic dollar issued by Ethena, quickly emerged as one of the most influential stablecoins in the market, climbing the third place through the market cap with a circulating supply near $ 5.8 billion until June 2025. And USDC.
MEXC’s aggressive stance is more than a financial stake-it is a long-term play to reshape the user’s experience and build confidence in the crypto sector. According to On-chain data, Mexc is now ranked as the second largest centralized exchange of total USDE value locked (TVL), with deposits of over $ 100 million in May 2025 only. This milestone is aligned with Etha’s Surge on TVL and has increased the adoption of the Management token, ENA.
To indicate participation, Mexc launched a suite of promotional campaigns, including zero-fee trade events, staking programs that offer up to 400% APR, and a $ 1 million pool prize as part of the ongoing businessman’s celebration. These initiatives lead to a significant strengthening on on-chain metrics. In March, ENA holders rose by 30%, while the sun -the -day trading volume of the ENA exploded by 885%. The average day -to -day -high trading volume in March also jumped 557% compared to February.
As a result, the Capitalization of the ENA market is nearly double in three months – rising from $ 1.07 billion from February to $ 1.96 billion in May.
Mexc support for emerging stablecoin protocols such as Ethena reflects the transfer of crypto priorities-far from speculation and towards the measured, infrastructure with the yield. What we are witnessing is a CEX acting similar to a defi-native institution.
The USDA of Etherna also gained traction on other major platforms, including Pendle Finance, where users will be able to take up and trade future yields from USDE staking techniques. It contributes to the integration of the USDE with a growing number of defi protocols, strengthening its reputation as a productive and relatively stable alternative alternative.
Launched in 2018, MEXC has traditionally recognized for supporting emerging token lists and offering low-fee trading for retail users. However, its recent moves are a strategic move towards deeper participation in the Defi infrastructure-aligned with greater trends in the crypto space, where centralized exchanges are becoming more relevant to on-chain liquidity and decentralized financial metals.
As the crypto industry continues to recover from the recent market backwards and regulatory challenges, the strates of MEXC in stability, scalability, and composability will appear to be paying – both for its users and the wider digital asset ecosystem.
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Image credits: Mexc