{ "id": 48573, "date": "2025-09-09T09:55:02", "date_gmt": "2025-09-09T02:55:02", "guid": { "rendered": "https:\/\/hbbgroup.net\/ethereum-l2-megaeth-introduces-yield-bearing-stablecoin-to-fund-protocol\/" }, "modified": "2025-09-09T09:55:02", "modified_gmt": "2025-09-09T02:55:02", "slug": "ethereum-l2-megaeth-introduces-yield-bearing-stablecoin-to-fund-protocol", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/ethereum-l2-megaeth-introduces-yield-bearing-stablecoin-to-fund-protocol\/", "title": { "rendered": "Ethereum L2 MegaETH introduces yield-bearing stablecoin to fund protocol" }, "content": { "rendered": "
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The USDm stablecoin, built with Ethena and backed by tokenized treasuries, will use its yield to subsidize Ethereum sequencer fees. <\/p>\n

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MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced<\/a> the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which drive revenue through transaction fees.<\/p>\n

The stablecoin, USDm, is being developed in partnership with Ethena, an algorithmic stablecoin protocol with<\/a> $13 billion in total value locked (TVL). It will launch on Ethena\u2019s USDtb infrastructure, which channels reserves into BlackRock\u2019s BUIDL \u2014 a tokenized US Treasury bill fund with a $2.2 billion market cap and steady yield, according<\/a> to RWA.xyz.<\/p>\n

Yield from the stablecoin\u2019s reserves will reportedly be used to offset sequencer fees, the Ethereum gas costs a layer-2 incurs when publishing batches of transactions to the main chain.<\/p>\n

The proposed model might lower the need for sequencer fees, instead drawing on yield from an alternative source. In a statement, MegaETH co-founder Shuyao Kong said that the USDm stablecoin would \u201clower fees for users\u201d and allow for \u201cmore expressive design space for applications.\u201d<\/p>\n