Ethena Labs Partner With MegaEth To Issue USDm
Ethena Labs Partner With MegaEth To Issue USDm
Ethena Labs has partnered with MegaETH issue USDm, a native stablecoin designed to optimize real-time applications on its blockchain, according to MegaEth’s newsroom page.
MegaEth aims to stand out from other networks built on Ethereum by utilizing a JIT (just-in-time) compilation in order to scale and increase the speed of EVM transactions, aiming for a 1-ms throughout and can hold up to 100,000 in TPS. By working with Ethena to issue its own stablecoin, the L2 will reduce its fees for onchain services.
The company shared this news on its X page:
Recently passing a $12B circulating supply, Ethena is currently in the spotlight as a top stablecoin quickly becoming an industry player supporting DeFi native chains. With USDm, MegaETH aims to create a more efficient and user-friendly blockchain experience, supporting a wide range of products that thrive on low transaction costs.
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Source(s): https://www.megaeth.com/blog-news/megaeth-introduces-usdm
