Mega Matrix Bets Big on Ethena Stablecoin, Sees 6x Upside Potential Compared to Circle

Mega Matrix has positioned the Ethena stablecoin ecosystem as its core investment strategy, aiming to capitalize on the growing demand for regulated dollar-pegged tokens. The company sees significant potential in Ethena’s synthetic stablecoin USDe, citing its yield-generating capabilities and market share aspirations against established players like Circle. 6x growth projections are anticipated based on their analysis of Ethena’s performance