USDm serves as the native stablecoin specifically created to support real-time applications on the MegaETH network. It is minted using Ethena’s stablecoin infrastructure and aims for deep integration with wallets, applications, and on-chain services within the MegaETH ecosystem.

MegaETH positions itself as the initial real-time blockchain, relying on Ethereum for security while utilizing a hyper-optimized execution environment with a heterogeneous architecture. The network provides streaming throughput featuring 10 millisecond latency and capacity for up to 100,000 TPS. This setup allows developers to scale applications via real-time state streaming and offers users instant transactions, all while maintaining full Ethereum composability.

Ethena, the protocol responsible for USDe, supports this asset. USDe is described as the third-largest and fastest-growing USD-denominated crypto asset in history. Currently, Ethena holds over $13 billion in TVL, serving one of the largest user bases among DeFi protocols, with connections to major centralized exchanges and significant DeFi applications.