Express

MegaETH launches yield-based stablecoin USDm to subsidize Ethereum sequencer fees

Summary: In breaking news, according to Cointelegraph, Ethereum Layer 2 project MegaETH has announced a partnership with Ethena to launch the yield-based stablecoin USDm. The coin will be backed by tokenized US Treasury bonds through Ethena's USDtb infrastructure, with the generated yield used to offset sequencer fees on L2 and support protocol operations. The official statement ...

In breaking news, according to Cointelegraph, Ethereum Layer 2 project MegaETH has announced a partnership with Ethena to launch the yield-based stablecoin USDm. The coin will be backed by tokenized US Treasury bonds through Ethena's USDtb infrastructure, with the generated yield used to offset sequencer fees on L2 and support protocol operations.

The official statement mentioned that this design will help reduce user costs and expand application space, with specific launch timing and parameters to be announced later.

Last Update:

Tags:
Link: MegaETH launches yield-based stablecoin USDm to subsidize Ethereum sequencer fees [Copy]

Last: Washington DC Attorney General Sues Bitcoin ATM Operator for Predatory Practices

Next: Arthur Hayes has invested a total of $15.412 million in ETH ecosystem tokens since August 10

The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 4 days ago

Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 7 days ago

BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 10 days ago

The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 14 days ago

Google Steps Into Blockchain: A New Front in the “Ledger Wars” 16 days ago