MEXC Ventures Expands Ethena Investment to $66 Million
MEXC Ventures has significantly increased its financial commitment to the Ethena ecosystem, raising its total investment to an impressive $66 million. This announcement was made public through a press release distributed to CoinDesk, highlighting the venture firm’s growing focus on decentralized finance (DeFi) and synthetic assets. The latest infusion includes a strategic $14 million stake in ENA, the governance token of the Ethena protocol. This move is an extension of MEXC’s earlier investments this year, which comprised a $16 million acquisition of ENA and a noteworthy $20 million investment in USDe, a synthetic stablecoin aimed at mirroring the US dollar’s












