MEXC Now Second-Largest Holder of USDe as Stablecoin Sector Grows

Crypto exchange MEXC has become the second-largest centralized holder of USDe, the synthetic dollar issued by Ethena Labs, as reported by the exchange on Wednesday. On-chain data shows that MEXC’s USDe total value locked (TVL) exceeded $100 million in May, placing it just behind Binance in terms of USDe holdings among centralized exchanges. The synthetic