Mega Matrix Inc. (NYSE American: MPU) announced a brand fresh digital asset treasury (DAT) plan centered on stablecoin governance tokens, with Ethena’s ENA token because the well-known reserve asset. The company talked about the blueprint is supposed to provide it an active feature in stablecoin governance while constructing a neighborhood within the increasing stablecoin sector.
Ethena is a protocol on Ethereum that components USDe. The ENA token is feeble for governance and incentives interior the protocol. USDe has become the third-excellent stablecoin by circulation, after Tether and Circle, reaching over $10 billion in provide within 500 days. The growth has been supported by its DeFi-essentially essentially based mostly mannequin and yield mechanisms. Mega Matrix plans to secure ENA tokens below its DAT program, reckoning on market cases.
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