it’s native stable szn
USDm will use reserve yield to cover sequencer costs and enable fixed low gas on megaETH
- issued via @ethena_labs USDtb
- reserves backed by BUIDL (roughly 90%) and liquid stables (presumably USDT, USDC?)
- ~4-5% yield
- yield is redirected to pay for sequencer infra costs.
- fixed subcent gas for users, predictive costs for app builders
pretty cool idea; stablecoin gud business model. expect we’ll see more chains launching native stables soon
Introducing MegaUSD (USDm), the native stablecoin of MegaETH.
Built in collaboration with @ethena_labs.
$USDM aligns incentives across stakeholders, letting users and apps enjoy the lowest fees possible while routing scalable value back to MegaETH.
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