MEXC, a big cryptocurrency company, invested $16 million in Ethena, which makes a special kind of cryptocurrency called a stablecoin! They also bought $20 million worth of Ethena's stablecoin, called USDe. Stablecoins try to stay at the same value as a real-world currency like the US dollar, making them less risky than other cryptocurrencies.
- MEXC invested big money in Ethena's stablecoin, USDe.
- USDe is designed to be more stable than other cryptos.
- MEXC wants to help USDe become more popular.
- MEXC is offering rewards like zero fees and prizes to encourage people to use USDe.
| Fact | Number |
|---|---|
| MEXC's investment in Ethena | $16 million |
| MEXC's USDe purchase | $20 million |
| MEXC's prize pool for USDe users | $1,000,000 |
