Mega Matrix Inc. (NYSE American: MPU) has announced a new Department of Digital Assets Treasury (DAT) strategy focusing on Stablecoin Governance Tokens. The company said the approach is aimed at giving a positive role in Stablecoin governance while building its position in the growing Stablecoin sector.
Ethena is the protocol of Ethereum that issues USDE. ENA tokens are used for governance and incentives within the protocol. USDE became the third largest stubcoin in circulation after tethers and circles, reaching supply of over $10 billion within 500 days. This growth is supported by its Defi-based model and yield mechanism. Mega Matrix plans to purchase ENA tokens under the DAT programme, depending on the market situation.
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