Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions. Cryptocurrency investments are volatile and carry significant risk.
MegaUSD (USDM) is a stablecoin designed to maintain a stable value, typically pegged 1:1 to a fiat currency like the US dollar. It is currently ranked #161 by market capitalization, trading at $1.00 with a total market cap of $221.74M.
MegaUSD (USDM) is the native stablecoin of MegaETH, a high-performance Ethereum Layer 2 that launched public mainnet on February 9, 2026. USDM is built with Ethena stablecoin infrastructure and is issued on USDtb rails, with reserves primarily tied to BlackRock BUIDL tokenized U.S. Treasury exposure through Securitize plus liquid stablecoins for redemptions. MegaETH uses the reserve-yield model differently from a normal stablecoin issuer: yield is programmatically routed toward sequencer...
$1.00
Data from CoinGecko, on-chain analytics, and official project documentation. View methodology
Cycle Potential
0x
vs. bull target
Probability
0%
Success chance
Risk Level
0/10
Low Risk
Market Cap
$221.74M
Volume
$819.53K
Circulating Supply
221.87M
Total Supply
221.87M
Before upgrading, understand how we analyze cryptocurrencies using our STRICT methodology.
What you'll learn:
