Megaeth, an Ethereum scale network designed for transactions that are processed so quick .
The token, called USDM, will be closely integrated into applications and protocols built at the top of the network and aims to help keep the transaction costs in the chain low by redirecting the income of the reserve assets to subsidize the costs of the sequencers, according to a blog post.
“The USDM means lower rates for users and a more expressive design space for applications,” said Megaeth co -founder, Shuyao Kong, in the blog post. “We are excited to work with Ethena to enable a win-win scenario for all those interested in our ecosystem.”
The Token will be backed at the beginning by the USDTB of Ethena, a token performance generator backed by the Black Rock Tokenized Buidl Mercado Fund. Later, you can add other and future tokens issued by Ethena Tal Usde, Megaeth said in a blog post.
Ethena government token, ENA (ENA)He won 7% in the last 24 hours, surpassing the broader cryptography market.
Stablecoins are a group of rapid growth cryptocurrencies of $ 270 billion, predominantly with prices linked to the US dollar. They serve as pairs of primary liquidity and trade in cryptography places, and are also increasingly used for cross -border payments that promise faster and faster transactions in blockchain rails compared to traditional bank channels. They received a regulatory impulse earlier this year in the United States when President Donald Trump signed the Genius law, the first important piece of cryptographic legislation in the country.
Megaeth Stablecoin is the last example of cryptographic ecosystems that make measures to issue a patented stablecoin with a service provider instead of trusting only in the existing Stablecoin offers, currently dominated by the USDC and the USDT of Circle Tether.
The popular Wallet of Crypto Wallet recently announced the launch of its own stablecoin with infrastructure suppliers M0 and Stripe’s Bridge, while Hyperliquid, a layer of layer 1 known for its popular exchange of perpetual chain swaps, is carrying out an audition for a partner of stablcoin emitters for its own butt.
Megaeth’s Token plan also stands out to Ethena venture in the Stablecoin business as a service, helping other cryptographic ecosystems to issue their own stable. The protocol is behind the USDE $ 13 billion digital, whose supplier yield has a spot cryptography such as Bitcoin and Ether while selling (short circuit) An equal amount of derivatives to harvest the financing rate.
Read more: Hyperliquid faces the rejection of the community against the proposal of Usdh linked to stripes
