The Stablecoin Powering Real-Time Apps on MegaETH
A native stablecoin issued through Ethena's stablecoin stack, purpose-built to power real-time applications on MegaETH.
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USDtb, invested in BlackRock's BUIDL
The Challenge
Most chains rely on margin from blockbuilding, creating misaligned incentives. Higher activity often means higher costs for users, discouraging growth.
THE MegaUSD SOLUTION
With MegaUSD, MegaETH redirects value from reserve assets rather than users to fund the network, aligning incentives across the ecosystem.
New design space
When fees are sub-cent and predictable, whole categories of products become viable that simply don't work when every action costs multiple cents. From micro-transactions to complex DeFi protocols, developers can build without worrying about gas costs limiting user adoption.
Aligned incentives
As network costs increase from growth, we don't need to raise fees on users to remain sustainable. Activity expands the ecosystem; the reserve assets finance the network.
At-cost gas
Predictable, sub-cent fees that scale with network usage. No more gas spikes or failed transactions due to network congestion.
HOW MegaUSD WORKS
Reserve Composition
MegaUSD is backed by a combination of USDC and USDtb. Reserves are primarily invested in BlackRock's tokenized U.S. Treasury fund (BUIDL) via Securitize, alongside liquid stablecoins, providing transparent, institutional-grade backing.
Transparency & Settlement
Ethena, Anchorage, and Securitize enable swaps between USDtb and BUIDL to tighten settlement and transparency. USDtb is issued by Anchorage Digital Bank and is the first stablecoin with a clear line of sight to compliance with the new GENIUS Act.