Mexc invests $ 36 million in Ethen to increase the adoption of USDA and expanded Ethosist

Ethena is classified as Stablecoin, but it differs from classic stablecoins like Tether (USDTT) and the USD of USD (USDC) It offers its 9% yield owners. From the time of writing, the American market capitalization is $ 5.86 billion, which makes it The third largest stablecoin on the marketAfter USDTT and USDC.

Ethena didn’t just betray In the right to produce yield. It also builds comprehensive ecosystem To support it, including the essential, spot platform and manufactured, protocol for chain options.

MEXC’s investment follows recent closure of Ethen Funding for $ 100m fundingwho saw that they were supported by major investors like Franklin Templeton. Toward BloombergThis collection collection was conducted by the private sales of Tonken Tonken Ethen.

The gathering effort was for that Starting a new token, IUSDE. IUSDE will be a regulated version of the existing synthetic dollar ethene, adapted to traditional financial institutions looking for crypto exposure without direct investment in digital assets, according to Guy youngThe founder of the Ethen Laboratory. AllegedlyEthena also intends to use part of the funds to support their own blocks of own blocks.

Withdraws these events, the ENA price increased by 7% in the last 24 hours, trading from $ 0.44, with a trading range of about $ 300 million, according to Coinmarketcap.