MEXC invests $20 million in USDe to drive stablecoin adoption, launches $1,000,000 reward event

MEXC, the world’s leading cryptocurrency trading platform, has invested $20 million in USDe, Ethena’s synthetic dollar, as part of its commitment to expanding stablecoin adoption and fostering innovation within the crypto ecosystem. Meanwhile, MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has made a strategic investment of $16 million in Ethena. The acquired USDe will support stablecoin-related initiatives, including a campaign featuring a $1,000,000 reward pool.

Stablecoins are a cornerstone of the crypto market, providing liquidity and stability for traders and investors. USDe, issued by Ethereum-based DeFi platform Ethena, is designed to overcome the limitations of centralized stablecoins. Ethena is not just creating a new digital asset—it is building a robust ecosystem around USDe, which includes Ethereal, a spot trading platform, and Derive, an on-chain options protocol. These developments enhance the utility of USDe and contribute to a more dynamic DeFi landscape.

To accelerate stablecoin adoption, MEXC’s $20 million investment in USDe is accompanied by several user-focused incentives. These include zero-fee trading pairs and high-APR staking events, allowing users to earn $1,000,000 worth of rewards while participating in the growing stablecoin market. These benefits and events will be accessible through MEXC’s centralized exchange, making it easier for users to explore and trade USDe.

Tracy Jin, COO of MEXC, said:

“Stablecoins play a pivotal role in the development of the broader cryptocurrency market, and MEXC is committed to supporting their expansion.

“As digital asset adoption increases, stablecoins will attract greater investment, creating new opportunities for users. We recognize Ethena and USDe as key players in this evolving landscape, and we are excited to contribute to their success by providing users with more stable and efficient financial solutions.”

MEXC is dedicated to investing in crypto-native projects that thrive in decentralized ecosystems. Assets like USDe, which enable reward-bearing instruments such as sUSDe, are inherently designed for DeFi and reduce the reliance on centralized stablecoin issuers. Looking ahead, MEXC aims to further enhance stablecoin accessibility by allowing users more opportunities to hold USDe and earn passive rewards directly on centralized exchanges.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 32 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X TelegramHow to Sign Up on MEXC

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Mawari and Nankai Electric Railway partner for the Digital Entertainment City Namba project

  • The “Digital Entertainment City Namba” will be the world’s first smart city integrating AI, XR and DePIN.
  • Mawari will deploy edge computing and rendering devices across Nankai’s properties for decentralized streaming.
  • Nankai Electric Railway rail network spans over 100 stations across multiple lines in Japan.

In a groundbreaking collaboration, Mawari, a leader in spatial computing and decentralized physical infrastructure networks (DePIN), has partnered with Nankai Electric Railway Co., Ltd., Meta Osaka Co., Ltd., and e-stadium Co., Ltd. to create the “Digital Entertainment City Namba.”

This ambitious urban development project, set to unfold in Osaka, Japan, promises to be the world’s first fully integrated ecosystem combining artificial intelligence (AI), extended reality (XR), and DePIN technologies at a city-wide scale.

The partnership brings together complementary strengths. Meta Osaka contributes strategic innovation and localized expertise, ensuring the project aligns with the region’s unique cultural and economic fabric.

On the other hand, e-stadium, a Nankai Group company, leverages its focus on e-sports and community engagement to address social challenges and foster a thriving digital culture. Together, these organizations are laying the groundwork for a smart city that integrates advanced technology with everyday life.

Mawari’s role is pivotal, deploying edge computing and rendering devices across Nankai’s properties to deliver decentralized streaming infrastructure. This setup brings computation closer to users, minimizing delays and enabling real-time interactions with 3D AI agents that possess both “body and soul,” as described by the company. The result is a scalable, efficient system capable of supporting a wide range of applications, from entertainment to practical services.

For Mawari, the project represents a milestone in its mission to democratize AI-driven immersive experiences. According to the CEO Luis Oscar Ramirez, “Uniting AI, XR, and DePIN in ‘Digital Entertainment City Namba’ is a landmark moment for the entire industry, demonstrating a clear path to mass adoption with tangible social impact.”

A visionary fusion of technology and urban life

At the heart of the “Digital Entertainment City Namba” project is Mawari’s pioneering technology, which powers real-time 3D streaming of lifelike AI-driven avatars. These avatars, rendered with minimal latency, offer a new level of immersion and interactivity, capable of performing tasks such as guiding tourists, assisting customers, and facilitating human-like communication across language barriers.

Notably, the project builds on Mawari’s extensive experience, having successfully executed over 50 XR projects worldwide since 2019.

By integrating AI, XR, and a decentralized network of edge computing devices, the Digital Entertainment City Namba will transform Nankai’s railway stations and properties into vibrant digital hubs that seamlessly merge virtual and physical experiences.

Founded in 1885, Nankai Electric Railway is one of Japan’s oldest private rail operators, with a network spanning over 100 stations across multiple lines, including connections to Kansai International Airport and the Koyasan World Heritage Site.

Traditionally a transportation powerhouse, Nankai is now embracing a bold vision to evolve its infrastructure beyond mere transit points. Under the leadership of President and COO Nobuyuki Okajima, the company has been working since 2023 to reimagine the Namba area as an “ENTAME-DIVER-CITY” — a dynamic hub of entertainment and co-creation.

This vision gained momentum with the opening of the e-Stadium Namba Main Branch, an e-sports facility, in August 2024 at Namba Parks, a commercial complex operated by Nankai. The addition of Tsutenkaku, a historic Osaka landmark, to the Nankai Group in December 2024 further expands the scope of this digital transformation.

Through the Digital Entertainment City initiative, Nankai aims to weave immersive experiences such as virtual idols, anime characters, and interactive storytelling into these physical spaces, creating a next-generation entertainment ecosystem.

Projected impact of the Digital Entertainment City Namba

The Digital Entertainment City Namba is poised to make a significant impact across multiple sectors.

For tourism, the project taps into Japan’s growing inbound travel market, which saw 23 million foreign visitors in 2023. Multilingual 3D guides and XR content will offer tourists intuitive navigation and immersive cultural experiences, boosting local businesses and elevating Osaka’s global appeal.

Beyond tourism, the initiative addresses Japan’s looming labour shortage, projected to reach 11 million workers by 2040, by creating flexible, remote work opportunities. AI-driven avatars will enable diverse groups, including caregivers, seniors, parents, and people with disabilities, to participate in industries like customer service and tourism through immersive interfaces.

This inclusive approach not only enhances accessibility but also aligns with Japan’s need for innovative workforce solutions.

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Tether leads $10m round for cross-border payments firm Mansa

  • Tether has backed the $10 million round for cross-border payments firm Mansa.
  • Venture capital firm Polymorphic co-led the round, which saw investors raise $7 million to add to $3 million raised earlier.

Tether, issuer of the world’s largest stablecoin USDT, led the $10 million funding round of MANSA, a cross-border payments provider.

MANSA announced the close of the $10 million financing round on Thursday, Feb. 20, noting that the capital injection would be key to the fintech company’s plans to bolster cross-border payments by addressing liquidity challenges facing providers.

Venture capital firm Polymorphic Capital co-led the round, which also attracted the participation of top VC platforms Octerra Capital, Faculty Group and Trive Digital. Mansa had previously raised $3 million in a pre-seed round, with the $7 million secured from investors in the latest raise bringing the total to $10 million.

Per details in a blog post, the company plans to use these funds on its Latin America and Southeast Asia expansion effort. The funding will also go into fresh bespoke liquidity as well as ancillary solutions set to bring payments on-chain.

“By bringing payments on-chain and leveraging efficient liquidity solutions, we are addressing critical challenges in cross-border transactions—making payments faster, cheaper, and more reliable worldwide,” Mouloukou Sanoh, chief executive officer & co-founder of MANSA, said.

Payments firm eyes global expansion

MANSA launched in August 2024 and has grown rapidly amid major partnerships in the payment space.

Its footprint includes integrations with payment providers in Africa, Asia, and South America.

The company’s growth saw it notch $11 million in on-chain transactions in January 2025, a figure that represents a 574% year-over-year increase. Growth comes amid increased stablecoin adoption. USDT is a major player in this effort.

“By leveraging USDT for real-time settlements and instant payouts, MANSA is solving critical pain points for payment companies operating in emerging markets. We are proud to collaborate with MANSA and support their efforts to reshape global payment infrastructure.” Tether CEO Paolo Ardoino, added.

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Bitcoin Pepe’s stage four presale nears completion, raising $2.7m

Key takeaways

  • The Bitcoin Pepe presale is moving fast, with the fourth stage nearing completion.
  • The presale has raised over $2.7 million within a week since its launch.

What is Bitcoin Pepe?

Bitcoin Pepe is a project seeking to leverage the liquidity and security of the Bitcoin blockchain. According to the whitepaper, the team will use Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

It is a layer-2 network building on the Bitcoin blockchain. This project is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

The team explained that Bitcoin Pepe would become home to all memecoin trading and move all this economic activity to the BTC ecosystem. This project will unlock decentralized finance (DeFi) and meme trading on top of BTC.

Bitcoin Pepe will be the perfect fusion between BTC’s security and the unstoppable force of memecoins. It is also the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain. 

With Bitcoin Pepe, BTC Maxis will be able to trade memes, and combining high levels of trust (BTC) with high levels of performance (SOL) will lead to high levels of retail mass adoption.

Bitcoin Pepe presale raises $2.7m within a week

Bitcoin Pepe’s presale is moving fast, with the fourth stage now near completion. The official Bitcoin Pepe website shows that the project has raised over $2.7 million. This is an incredible feat as the presale only began a week ago. 

Investors can purchase the $BPEP tokens (Bitcoin Pepe’s native token) using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. 

In this current stage, $BPEP is going for $0.0243 and is set to increase to $0.0255 in the next stage. 

The presale could be an opportunity to purchase $BPEP at a discount. Solana’s SOL currently trades at $196 per coin. However, it was sold for $0.22 during its presale in 2020, indicating how early investors benefit from partaking in presales.

Will Bitcoin Pepe advance the Bitcoin ecosystem?

Bitcoin is the leading cryptocurrency, with a market cap of nearly $2 trillion. While it has liquidity and security, the Bitcoin blockchain offers less utility than smart contract blockchains like Ethereum and Solana. 

However, Bitcoin Pepe plans to open up the blockchain further by allowing the launch of memecoins and other narratives on the network. 

Introducing memecoins on the Bitcoin blockchain will enable it to become home to a crazy high-octane meme experience. The Bitcoin Pepe team believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it available for memecoin trading.

Bitcoin Pepe will launch as a layer-2 network, providing the necessary infrastructure for all memes to migrate to BTC and ensuring security and liquidity for investors and users. 

Its native $BPEP token will power several activities within the Bitcoin Pepe L2 network. 

Should you invest in the Bitcoin Pepe presale?

Thanks to $BPEP’s utility, the presale allows investors to participate early in the Bitcoin Pepe project. 

Presales allow investors to gain early exposure to projects. For instance, while Solana’s SOL is trading at $167 today, it was sold for $0.22 during its presale in 2020, indicating how early investors benefit from participating in presales.

Bitcoin Pepe aims to be a leading L2 network on Bitcoin, offering users security and liquidity. By introducing memecoins to the Bitcoin ecosystem, Bitcoin Pepe could be an important project on the blockchain, similar to Ordinals.

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Binance is not for sale: CZ

  • Rumours that crypto exchange Binance, the world’s largest by trading volume, is for sale are just that – rumours.
  • That’s according to the latest details Binance co-founder Changpeng Zhao “CZ”.

Binance “not for sale”

The former Binance CEO, and currently at the helm of YZi Labs, said speculation that the exchange was headed for sale are a result of FUD from “some lowly self-perceived competitor in Asia.”

“As a shareholder, Binance is not for sale,” CZ posted on X on Monday, Feb. 17. 

The remarks echo those of co-founder Yi He, who has also dismissed the circulating claims as started by a competitor. He added that as a company, Binance continually receives investment and cooperation requests from players across the industry.

Yi, a co-founder of Binance and chief customer service, said the company cannot rule out potential strategic partners. Binance is open to mergers and acquisitions, she noted.

“Top investors have always been interested in Binance. Over time, we may allow some investments in the single-digit percentage range,” Zhao added.

CZ’s comments follow notable speculation regarding the potential sale of the top CEX platform.

Zhao himself stepped down as Binance CEO in 2023. He served a four-month prison sentence after a plea deal with US authorities, that saw the exchange agree a $4.3 billion settlement. The exchange is also still in a legal tussle with the SEC.

Afte the latest rumours, the native BNB token that surged in the past week pared gains. However, with CZ, who is a shareholder at the company, adding to comments by He, price could see an upside.

BNB price hovers around $673, flat in the past 24 hours and about 10% up over the past week.

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