What is MegaUSD?

MegaUSD is a stablecoin designed to facilitate real-time applications on the MegaETH blockchain. It is issued through Ethena's stablecoin framework and aims to integrate seamlessly with various wallets, applications, and on-chain services on MegaETH.

MegaETH is characterized as a real-time blockchain secured by Ethereum, featuring a heterogeneous architecture that allows for high throughput and low latency. It can reportedly handle up to 100,000 transactions per second with a latency of 10 milliseconds. The protocol behind MegaUSD, Ethena, is noted for its significant traction in the DeFi space, claiming a total value locked of over $13 billion and a large user base across multiple centralized exchanges and DeFi applications.