➥ All You Need to Know About $USDm Yesterday we have a new comer on stablecoin landscape, $USDm that changing the rules of the game entirely. Want to know more? Let's dive in our 30s report. 🧵 ... ➠ More Stablecoins? Before you judge, let me explain: most Layer 2 solutions generate revenue by adding margins to gas fees. ➢ Users pay more ⟶ Higher earnings for the chain. ➢ High fees ⟶ Apps can't scale effectively. ➢ Less apps on the chain and user will leave eventually. This situation creates a disconnect between the network, its community, and its builders, hindering growth and adoption. That's where USDm fits in with a yield-subsidized model that aligns with the network. ... ➠ What is $USDm? USDm is the native stablecoin of @megaeth_labs, developed in collaboration with @ethena_labs. It is designed to maintain low, predictable network fees in alignment with ecosystem growth. Here's what we know: ❶ USDm v1 is issued on Ethena's USDtb rails, where reserves are primarily invested in @BlackRock's tokenized U.S. Treasury fund (BUIDL) via @Securitize ❷ Ethena's stablecoin stack is adaptable, allowing MegaETH to adjust USDm's collateral with other Ethena products like $USDe and others. ❸ The reserve yield supports sequencer operations, enabling at-cost gas pricing and maintaining low, stable fees for users and builders. ... ➠ How It Works at a High Level → Users deposit dollars to mint USDm. → Reserves (USDtb-BlackRock BUIDL) are held in Treasuries, earning a yield (~5% baseline). → Yield directly offsets sequencer costs. → Gas is priced at cost, remaining sub-cent and predictable. Result: Fees are stable and not constrained by margins. As network growth becomes inevitable, gas fees do not need to increase, thereby preventing higher network costs, creating positive flywheel for all network participants. OMEGA. --- CC: @gdog97_ @hotpot_dao @0xSami_M @Ethena_Eco @0xBreadguy Kudos to @HarukoRose for the crazy MegaETH aesthetic.

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that's that, stablecoins war is happening

A clever blend of stablecoin utility and sustainable economics. @megaeth_labs and @ethena_labs are onto something big.