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Mega Matrix Inc. ("MPU" or the "Company") (NYSE:MPU), today announced that it will focus on stablecoin governance token treasury reserve with Ethena's governance token ("ENA token"), as the primary strategic reserve asset under its digital asset treasury ("DAT") strategy. This initiative aims to actively participate in the governance of the leading stablecoin ecosystem through strategic holdings of stablecoin governance tokens, with the objective of positioning the Company at the forefront of stablecoins innovation.
Ethena is a digital dollar protocol built on Ethereum and Ethena Foundation is the issuer of USDe, which, as of the date hereof, is the third largest stablecoin asset by circulating supply, following only Tether and Circle. ENA token is the governance token of Ethena, used for decentralized protocol governance and incentives. USDe is Ethena's synthetic dollar. It has been widely reported that USDe has distinguished itself as a fast-growing stablecoin, surpassing a $10 billion market supply in just 500 days, powered by its innovative delta-neutral, DeFi-native model and compelling yield mechanics underpinned by the GENIUS Act tailwinds. Subject to market conditions, MPU plans to purchase ENA Tokens as a part of its DAT.
Posted In: MPU
