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MegaETH Unveils USDm Stablecoin to Lower Layer 2 Fees
CryptocurrencyStablecoin LaunchUpdated 15 hours ago

MegaETH Unveils USDm Stablecoin to Lower Layer 2 Fees

Ethereum L2 MegaETH has launched USDm, a yield-bearing stablecoin developed in partnership with Ethena. This initiative aims to subsidize sequencer fees and reduce layer 2 costs, utilizing yield from reserves to support network operations and create a new economic model backed by BlackRock's tokenized Treasuries.

Related Articles
Ethereum L2 MegaETH introduces yield-bearing stablecoin to fund protocol
PositiveCryptocurrency
Ethereum L2 MegaETH has launched a new yield-bearing stablecoin called USDm, designed to fund the protocol by subsidizing Ethereum sequencer fees.
Editor’s Note: This development is significant as it introduces a new financial tool within the Ethereum ecosystem, potentially enhancing its scalability and efficiency while providing users with more options for stablecoin investments.
Ethereum L2 MegaETH introduces yield-bearing stablecoin to fund protocol
PositiveCryptocurrency
Ethereum L2 MegaETH has launched a new yield-bearing stablecoin called USDm, designed to fund its protocol by subsidizing sequencer fees.
Editor’s Note: This development is significant as it introduces a new financial tool within the Ethereum ecosystem, potentially enhancing the efficiency and sustainability of transactions on the network.
MegaETH taps Ethena to launch USDm stablecoin and cut layer 2 fees
PositiveCryptocurrency
MegaETH is launching the USDm stablecoin to reduce layer 2 fees and create a new economic model. This stablecoin will use yield from reserves to support network operations, aiming to separate revenue from user fees.
MegaETH partners with Ethena to launch native stablecoin USDm
PositiveCryptocurrency
MegaETH has partnered with Ethena to launch USDm, a new stablecoin backed by BlackRock's tokenized Treasuries. This initiative aims to reduce fees and support sequencer costs.

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