MegaethEthereum scaling network is designed for transactions that are very quickly calling for Blockchain “actual time”, He said On Monday, the original stablecoin is launched with a fast -growing Defi Protocol .
The distinctive symbol, called USDM, will be included in the applications and protocols built on the head of the network and aims to help maintain the low costs of transactions on the chain by re -directing revenues from reserve assets to support the costs of the sequence, according to the participation of a blog.
“USDM means fewer fees for users and a more expressive design space,” Shweao Kong, one of the founders of Megaeth, Shoyao Kong, told the blog post. “We are excited to work with Ethena to enable a profitable scenario for both sides for all stakeholders in our ecosystem.”
The distinctive symbol will be supported at first by ESDTB, which is a symbol resulting from the return backed by the Blackrok Money Money Fund, the distinctive BLADLL. Later, other Ethaina icons may be added in the future, said Megith in a blog post.
Eathina governance code, ena (Ena)It has gained 7 % over the past 24 hours, outperformed the broader encryption market.
Stablecoins is a fast -growing group, $ 270 billion of cryptocurrencies, mostly with prices associated with US dollars. It is a preliminary liquidity for couples trading on encryption places, and they are increasingly used for cross -border payments that are faster and cheaper on Blockchand bars compared to traditional banking channels. They received an organizational batch earlier this year in the United States when President Donald Trump signed a genius law, the first major part of the country’s encryption legislation in the law.
Megaeth’s Stablecoin is the latest example of ecosystem for encryption steps for the royal stablecoin version with a service provider instead of relying only on current Stablecoin offers, currently dominated by USDC and Tether’s USDT.
Metamask encrypted wallet recently Declare The launch of its Stablecoin with the M0 infrastructure service providers and the Stripe Bridge, while Hyperlequid, the Layer-1 network is known for its famous exchange in the permanent scores in the series, Test contract For a stablecoin source partner for his priest.
The Megaeth’s Token plan also highlights Ethena Victureing in StableCoin-AS-A-Service, which helps other ecosystems to encrypt in their Stablecoins version. The protocol is located behind the digital dollar of $ 13 billion, which gets the return provider by maintaining an immediate encryption such as Bitcoin and ETHER during the sale (Short) Equal amount of derivatives to reap the financing rate.
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