Megaeth launching its own stablecoin with Ethena is an interesting one.
Not because everyone's doing it but because we've not seen how the thesis surrounding a native chain-specific stablecoin play out.
Will this trend proliferate or will it implode on itself? I'm curious to see how this plays out in the future.
Introducing MegaUSD: USDm, built with @megaeth_labs on the Ethena Stablecoin-as-a-Service stack
MegaUSD will be backed by USDtb, which holds its reserves primarily in Blackrock BUIDL
USDm will operate as MegaETH's native stablecoin, underpinning major native applications
MegaEthena 🐇
1.9K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.