Lost in the East, gained in the West? While @ethena_labs isn't currently participating in the $usdh governance vote, there seems to be a lot of story behind it. @megaeth_labs is also one of the most important chains in the next round. Just look at my profile picture and you'll know what I'm talking about.
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Ethena Labs
@ethena_labs
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 x.com/17303211335459…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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