MegaETH Unveils USDm Stablecoin to Lower Fees and Fund Protocol
Ethereum L2 MegaETH has launched USDm, a yield-bearing stablecoin developed in partnership with Ethena. This new stablecoin aims to reduce layer 2 fees and support protocol funding by subsidizing sequencer costs, utilizing yield from reserves. Backed by BlackRock's tokenized Treasuries, USDm represents a significant step towards creating a sustainable economic model for the network.
MegaETH Unveils USDm Stablecoin to Lower Fees and Fund Protocol
Ethereum L2 MegaETH has launched USDm, a yield-bearing stablecoin developed in partnership with Ethena. This new stablecoin aims to reduce layer 2 fees and support protocol funding by subsidizing sequencer costs, utilizing yield from reserves. Backed by BlackRock's tokenized Treasuries, USDm represents a significant step towards creating a sustainable economic model for the network.
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