“The New Investment Builds on Previous Purchases of Ena and USDE, ITS Synthetic Stablecoin That Tracks of the Value of the Dollar Without Tradrational Reserves.”, – WRITE: www.coindesk.com
The Latest Move Includes A $ 14 Million Investment in Ena, The Governance Token of the Ehena Protocol, Building on A $ 16 Million Ena Purchase and $ 20 Million Acquet.
USDE IS A SYNTHETIC STABLECOIN DESIGNED TO TRACK The VALUE OF THE DOLLAR WITHOUT HOLDING Traditional Reserves. Institute, It Uses A Combination of Collateralized Stablecoins and Futures Contracts.
The Stablecoin’s 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 US Treasurys, Remain Dominant, with The Leader USDT Having A $ 174.7 Billion Market Capitalization.
Mexc Ventures, The Press Release Says, HAS ALREADY INVESTED Over $ 100 Million in 40 Investment Projects. It has provides “Enhanced Empowerment Support” to Seven Projects.
“We View Our Role As Ecosystom Builders Racher Than Passive Investors,” Leo Zhao, Investment Director of Mexc Ventures, Said.
Tokenizing Animoca’s Private Equity Will Expand Global Access Which Adhering to Existenting Securities Rules, Republic SAID.
- INVESTMENT PLATFORM REPUBLIC REVELED PLANS TO TOCENIZE PRIVATE EQUITY IN ANIMOCA BRANANS, ALLOWING Access Via Solana-Based Digital Shares.
- Republic Will Enable Secondary Trading of Equity Tokens for Extering and Future Investors While Comply with Regulatory Requirements.
- The Move Signals Broader Shift Town Blockchain-Powered Private Market Access Through Tokenization.
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