Mega Matrix Doubles Down on Ethena Ecosystem, Sees 6x Upside Potential

Public holding company Mega Matrix (MPU) has positioned the Ethena stablecoin ecosystem as its cornerstone strategy for digital assets. The company believes this synthetic dollar project holds the potential to capture market share from established players like Circle, citing its ability to offer higher returns and better collateralization compared to competing solutions like USDC and USDT. This strategy is bolstered by the recent US GENIUS Act, a comprehensive stablecoin bill that creates regulatory framework for issuers of these tokens.