Important collection restaurants
- Megaeth launched USDM with Ethena to finance sequencer costs for revenue and lower costs.
- USDM is supported by BlackRock’s tokenized treasuries via Ethena’s USDTB pile.
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Megaeth has launched The first Native Stablecoin, USDM, developed in collaboration with Ethena, as a way to lower costs and to restructure the economic model of the network.
The new active is built on Ethena’s Stablecoin Saas -Stack and integrates directly into portfolios, apps and Onchain services in the Megaeth Ecosystem.
USDM V1 is issued on the USDTB rails of Ethena, mainly supported by BlackRock’s Tokenized US Treasury Fund Buidl in addition to liquid stabilecoins for repayments. The reserve boundaries are programmatically aimed at covering sequencer operations, so that Megaeth can be carried out at cost price and predictable, subcentle lists can maintain without trusting a margin.
Shuyao Kong, co-founder of Megaeth, said that the launch makes a “win-win scenario for all stakeholders” possible by lowering the costs while the design space of applications is being expanded.
Stablecoins such as USDT0 and CUSD remain supported on Megaeth, which ensures liquidity and routing for users, while USDM directly integrates into apps, portfolios and Onchain -Services.
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