MegaUSD

USDM#880

Mcap$15.59M

$0.9990.77%

Overview Monitoring News Research More

ATH

Spot Volume (24H)

$375.14K+9.47%

Marketcap

$15.59M

FDV

$15.59M

Mindshare

Very Low

Circ. Supply

15.6M

Max Supply

Mcap/FDV

100%

Total Supply

15.6M

Sector Ranking

API ID

1Y Price Performance +0.99%

All Time High

$1.11-9.55%

Oct 29, 2026

Cycle Low

$0.997+0.86%

Oct 29, 2026

USDM Chart

All Charts

$0.999

0.05% Past Month

Price

$0.9990.05%

Mindshare

USDM

More Charts

Spot Volume (24H)

$375.14K+9.47%

Marketcap

$15.59M

Mindshare

Very Low

All News

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Last Updated: Oct-29-2026 8:43 UTC

MegaUSD Project Update

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MegaETH's Community ICO Registration (October 15–27, 2025) MegaETH, the Ethereum-compatible Layer 2 blockchain that issues MegaUSD, opened registration for a community-focused ICO on Cobie's Sonar platform, running from October 15 to 27 1. The sale aims to boost ecosystem growth amid a resurgence of transparent, community-driven token sales in 2025, and requires identity verification, with U.S. participants needing accredited investor status and accepting a 12-month lockup 1. Tokens will be distributed via a soulbound NFT collection called The Fluffle, designed to reward genuine community participation over speculation 1.

MegaETH–Lombard Bitcoin Partnership (September 11, 2025) MegaETH named Lombard Finance as its primary Bitcoin partner ahead of mainnet launch, enabling native, permissionless Bitcoin minting and redemption on its network 2. The integration lets developers embed Bitcoin into DeFi applications via Lombard's SDK, with Bitcoin fully backed on MegaETH rather than represented as an IOU, supporting institutional-style treasury management in DeFi 2. This came just days after MegaUSD's launch, underscoring MegaETH's push to build out Bitcoin capital markets within DeFi 2.

MegaUSD Launch and Stablecoin Market Context (September 8, 2025) MegaETH Labs introduced MegaUSD (USDm), a native stablecoin built with Ethena Labs to enable low-fee, real-time applications on the MegaETH blockchain 3. The stablecoin's reserves are primarily held in BlackRock's tokenized U.S. Treasury fund (BUIDL), valued at over $2.2 billion, with v1 backed by USDtb (also issued by Ethena) and reserves stored fully on-chain 3. This launch occurred as the broader stablecoin market grew over 5% in a week to surpass $285 billion, with Tether's USDT holding roughly 58% market share 3.

Biggest Stories of 2025

The Crypto Theses 2026 — Messari's annual outlook highlighted accelerating demand for yield-bearing dollars and top stablecoins, with USDT reaching $184.7 billion in supply (14.35% YTD growth) and USDC at $76.5 billion (7.42% YTD growth) as of November 30, 2025 4. (December 18, 2025)
Hyperliquid: Stablecoin Wars — A Messari report mapped the competitive stablecoin landscape, showing USDT dominating Hyperliquid at $195.3M market cap (58.4% share) while newer entrants like USDH struggled to gain ground 5. (October 17, 2025)
MegaETH Opens Registration for Potential ICO — MegaETH began registration for a community-focused ICO on Cobie's Sonar platform, with tokens to be distributed via the soulbound NFT collection The Fluffle 1. (October 15, 2025)
Enterprise Note: Takeaways from the USDH Vote — Analysis of stablecoin supply on HyperEVM showed USDT0 and feUSD dominating with $185.6M (66.4%) and $63.0M (22.5%) respectively as of September 14, 2025 6. (September 16, 2025)
MegaETH Names Lombard as Primary Bitcoin Partner — MegaETH partnered with Lombard Finance to enable native, permissionless Bitcoin minting and redemption on its mainnet ahead of launch 2. (September 11, 2025)
Introduction of MegaUSD (USDM) — MegaETH introduced its native stablecoin built with Ethena Labs, with reserve yield programmatically directed to cover sequencer operations so MegaETH can price gas at cost 7. (September 8, 2025)
MegaETH & GTE - The Road to Onchain Price Discovery — Messari analysts assessed GTE's goals to bring price discovery onchain by analyzing MegaETH's testnet, which demonstrated industry-leading 10ms block times 8. (April 4, 2025)
Next-gen Chains: Strategic Differentiation — A Messari report examined MegaETH's differentiation strategy, including its "MegaMafia" ecosystem curation, mini-blocks architecture, and efforts to align early stakeholders with skin in the game 9. (April 2, 2025)