VICTORIA, Seychelles, Feb. 26, 2025 /PRNewswire/ — 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.

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

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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.

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DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is enhancing trading features and seamless experiences by introducing the OpenAPI functionality on Bybit Earn. Available now for Flexible Savings products on Bybit Earn, the upgrade will help users make better informed decisions faster, and offer an unobstructed view of their asset performance in their own preferred set-up.

The OpenAPI integration supports multiple trading and data point extraction scenarios, marking an advancement in automated asset management capabilities for users of Flexible Savings on Bybit Earn.

What it means:
Users now have the option to programmatically manage their Bybit Earn Flexible Savings positions through API endpoints, significantly improving efficiency for institutional clients and professional traders who manage multiple positions.

Feature Highlights:

• Staking & Redemption: Users can now create staking and redemption orders more efficiently using the API.
  The API integration supports both Unified Trading Accounts (UTA) and Funding Accounts, enabling users to personalize their asset management style. This means users can integrate Bybit Earn Flexible Savings directly into their automated trading strategies or portfolio management tools.
• Information Queries: Users can easily query their orders, positions, and product details (such as the maximum staking limit and estimated APR) via the API.
  This feature also allows for real-time data retrieval, enabling users to make informed decisions quickly. For example, a user can programmatically check the current APR of a Flexible Savings product and adjust their staking strategy accordingly.

“This integration is another step forward in our mission to provide institutional-grade trading and earning capabilities for high-calibre users,” said Joan Han, Sales and Marketing Director at Bybit. “By extending API functionality to our Flexible Savings product, we continue to meet the users’ increasing demands for more powerful tool to optimize their yield strategies.”

Availability and Documentation
The initial release starts with the Flexible Savings product suite, with potential expansion to other Earn products planned for future updates. The integration is supported by detailed API documentation and technical resources to ensure smooth implementation for users, available through Bybit’s official API documentation portal. Users may find out more at: https://bybit-exchange.github.io/docs/v5/earn/product-info

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About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
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SINGAPORE, Feb. 26, 2025 /PRNewswire/ — From February 18 to 20, 2025, Consensus Hong Kong took place at the Hong Kong Convention and Exhibition Centre, attracting global attention from the Web3 and fintech communities in what many are calling the “Year of PayFi” in the crypto industry. During the event, Interlace, a leading fintech infrastructure provider, took the stage at the highly anticipated PayFi Summit 2025. Alongside prominent industry innovators such as the Solana Foundation, Huma Finance, and DePHY, Interlace offered insights into the evolving world of cross-border payments. The summit further explored PayFi’s cutting-edge applications and shed light on emerging industry trends, market opportunities, and the bright prospects ahead.

PayFi, short for Payment Finance, is an innovative technology and application model that integrates payment systems with financial services within the blockchain and cryptocurrency space. According to Lily Liu, Chair of the Solana Foundation, PayFi leverages blockchain technology to revolutionize payment systems, enabling more efficient, low-cost transactions while creating a new financial experience. Its goal is to develop more complex financial products and applications, building an integrated value chain that fosters the creation of a new financial ecosystem.

Technological innovation in financial services lies at the heart of Interlace’s mission. As a leader in card issuing infrastructure, Interlace delivers efficient, cost-effective, and multi-currency financial solutions that seamlessly bridge Web3 and Web2, connecting modern financial systems with emerging markets. By serving as a key enabler of stablecoin usage in cross-border payments, Interlace supports scalable, efficient financial transactions on a global scale.

Among the services offered are Card as a Service (CaaS), Banking as a Service (BaaS), and Wallet as a Service (WaaS), all of which allow businesses to effortlessly integrate financial capabilities into their existing platforms via APIs. Additionally, Interlace offers essential products like global accounts, acquiring services, and the issuance of both virtual and physical cards.

Michael Wu, CEO of Interlace, further elaborated on the company’s comprehensive “end-to-end” CaaS solution at the summit, which covers the entire process from wallet management to card issuance. Key functions include multi-Bin card issuance, deposit address generation, cryptocurrency KYT (Know Your Transaction), cardholder KYC (supporting both API integration and hosted mode), and secure, compliant infrastructure. This ensures that the flow of funds remains transparent and controllable throughout the entire process. Additionally, Interlace supports on-chain transfers, multi-account fund allocation, and efficient operations like top-ups, transfers, and card issuance, addressing the needs of a wide range of use cases.

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In terms of CaaS, Interlace offers multi-BIN configurations to support clients’ global card issuance requirements. Its advanced risk control and anti-fraud system enable real-time transaction monitoring, safeguarding the security of funds. Interlace also provides a white-label API integration, allowing clients to customize card designs and enabling businesses to rapidly create unique brand differentiation.

Michael also emphasized that stablecoins are playing an increasingly crucial role in cross-border payments. Driven by technological innovation, Interlace provides industry-leading solutions that deliver the infrastructure for secure and efficient fund transfers, empowering institutions and clients to gain a competitive edge in the evolving integration of cryptocurrency with traditional payment systems.

Founded in 2019, Interlace has quickly established itself as a leader in the fintech space, earning the highest security certification in the international card payment industry, PCI-DSS Level 1. The company has also obtained licenses in key regions including the United States, and Lithuania. To date, Interlace has issued over 4.5 million cards and served 7,500 businesses worldwide, processing over 60 million transactions annually.

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