{
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    "date": "2025-10-01T10:38:33",
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        "rendered": "MEXC Ventures Raises Ethena Investment to $66M"
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        "rendered": "<div data-module-name=\"article-header\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<h2>The new investment builds on previous purchases of ENA and USDe, its synthetic stablecoin that tracks the value of the dollar without traditional reserves.<\/h2>\n<p><span class> Oct 1, 2025, 3:00\u202fa.m. <\/span><\/p>\n<\/div>\n<div data-module-name=\"article-body\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<p>MEXC Ventures has doubled down on its investment in the Ethena ecosystem, bringing its total exposure to $66 million, according to a press release shared with CoinDesk.<\/p>\n<p>The latest move includes a $14 million investment in ENA, the governance token of the Ethena protocol, <a href=\"http:\/\/www.coindesk.com\/business\/2025\/03\/12\/mexc-ventures-invests-usd36m-in-ethena-s-usde-as-stablecoin-demand-continues-to-surge\">building on a $16 million ENA purchase<\/a> and $20 million acquisition of USDe made earlier this year.<\/p>\n<p>USDe is a synthetic stablecoin designed to track the value of the dollar without holding traditional reserves. Instead, it uses a combination of collateralized stablecoins and futures contracts.<\/p>\n<p>The stablecoin\u2019s market capitalization has nearly tripled since early July from around $5.3 billion to now stand at $14.65 billion. Traditional stablecoins backed by cash and cash equivalents, including U.S. Treasurys, remain dominant, with the leader USDT having a $174.7 billion market capitalization.<\/p>\n<p>MEXC Ventures, the press release says, has already invested over $100 million in 40 investment projects. It has provided \u201cenhanced empowerment support\u201d to seven projects.<\/p>\n<p>&#8220;We view our role as ecosystem builders rather than passive investors,\u201d Leo Zhao, Investment Director of MEXC Ventures, said.<\/p>\n<\/div>\n<div>\n<p><span class>AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to <\/span><a rel=\"noopener noreferrer\" href=\"http:\/\/www.coindesk.com\/ethics\">our standards<\/a>. <span class>For more information, see <\/span><a rel=\"noopener noreferrer\" href=\"http:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/p>\n<\/div>\n<div data-module-name=\"read-next\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<p>More For You<\/p>\n<div>\n<p>Republic to Tokenize Animoca Brands Equity on Solana to Broaden Investor Access<\/p>\n<p><img loading=\"lazy\" alt=\"Yat Siu, co-founder and executive chairman of Animoca Brands. (Shutterstock\/CoinDesk)\" title=\"16:9 Hong Kong \u2013 Crypto Hubs 2023 \/ Yat Siu, co-founder and executive chairman of Animoca Brands (Shutterstock\/CoinDesk)\" width=\"1920\" height=\"1080\" decoding=\"async\" data-nimg=\"1\" src=\"http:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fd259671e79ce63e5cbad8bce09a7ab95eefe1169-1920x1080.jpg%3Fauto%3Dformat&#038;w=3840&#038;q=75\"><\/p>\n<p>Tokenizing Animoca&#8217;s private equity will expand global access while adhering to existing securities rules, Republic said.<\/p>\n<div>\n<p>What to know: <\/p>\n<div>\n<ul>\n<li>Investment platform Republic revealed plans to tokenize private equity in Animoca Brands, allowing access via Solana-based digital shares.<\/li>\n<li>Republic will enable secondary trading of equity tokens for existing and future investors while complying with regulatory requirements.<\/li>\n<li>The move signals broader shift toward blockchain-powered private market access through tokenization.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.coindesk.com\/business\/2025\/09\/30\/republic-to-tokenize-animoca-brands-equity-on-solana-to-broaden-investor-access\">Read full story<svg width=\"21\" height=\"21\" viewbox=\"0 0 21 21\" fill=\"none\"><mask id=\"mask0_2473_9121\" style=\"mask-type:alpha\" maskunits=\"userSpaceOnUse\" x=\"0\" y=\"0\" width=\"21\" height=\"21\"><rect x=\"0.5\" y=\"0.500366\" width=\"20\" height=\"20\" fill=\"#D9D9D9\" \/><\/mask><g mask=\"url(#mask0_2473_9121)\"><path d=\"M12.0385 15.2119L11.1602 14.3081L14.3429 11.1254H4.25V9.8754H14.3429L11.1602 6.69269L12.0385 5.78894L16.75 10.5004L12.0385 15.2119Z\" fill=\"#262626\" \/><\/g><\/svg><\/a><\/p>\n<\/div>\n<\/div>",
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