MegaETH to launch USDC pre-deposits bridge with $250M cap for USDM
Key Takeaways
- MegaETH is launching a USDC bridge with a $250 million cap to facilitate USDM deposits.
- Users who deposit USDC will receive a 1:1 USDM allocation and qualify for a rewards campaign.
Share this article
MegaETH today announced the launch of a USDC bridge with a $250 million cap. The bridge will enable users to deposit USDC from Ethereum mainnet and receive USDM in return.
As part of the campaign, users will receive an allocation of USDM based on the amount of USDC they deposit. Participants will also be included in MegaETH’s rewards campaign, earning points tied to their deposit activity.
The bridge opens on Tuesday, November 25, and remains active until the $250 million cap is reached or just before the MegaETH mainnet launch. Deposits operate on a first-come, first-served basis, and while individual contributions are uncapped, each participant must register with a single KYC-verified wallet tied to the $MEGA public sale on Sonar.
Only USDC on Ethereum mainnet is eligible for deposit, and funds cannot be withdrawn once committed. On MegaETH mainnet day 1, depositors will receive USDM at a 1:1 ratio directly to their verified wallet, with no restrictions or lockups.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: The Dangers of Leverage: Crypto Whale Suffers $26 Million Loss Amid Market Decline
- A crypto whale lost $26.348M by partially liquidating 15x leveraged BTC and 3x leveraged ETH positions amid declining prices. - The whale's $250M portfolio faces $3.734M unrealized losses if liquidated, with a $65,436 WBTC liquidation threshold. - Broader market trends show $260.66M ETH ETF outflows and ETH/BTC prices below $2,800 and $87,000, worsening leveraged traders' risks. - A HyperLiquid user lost $4.07M from a 6x ETH long position, reflecting systemic leverage challenges as macroeconomic factors
Bitcoin Updates: U.S. Market Pessimism Contrasts with Asian Confidence as Bitcoin Drops Near $85,000
- Bitcoin's price fell to $85,000 in Nov 2025, down 7% in 24 hours and 20% monthly, driven by dormant wallet sales and bearish derivatives bets. - Surging sell pressure from inactive wallets and rebalanced derivatives toward puts highlight deteriorating market structure and liquidity. - Fed rate-cut uncertainty and regional divergences—U.S. bearishness vs. Asian buying—exacerbate volatility amid $565M in liquidations. - Analysts split on recovery: some see consolidation near $85K-$100K, others warn of a po
Aave News Today: Aave’s High-Return Application Offers a Solution to Inflation’s Impact on Savings
- Aave , a top DeFi lending protocol, launched a consumer savings app offering up to 9% APY, competing with traditional banks and fintech platforms. - The app targets mainstream users with zero minimum deposits, real-time compounding, and $1M balance protection, aiming to simplify DeFi accessibility. - While outperforming traditional savings rates, Aave's insurance transparency and security history raise concerns amid crypto's volatile trust landscape. - This move reflects DeFi's neobank trend, with high-y
The PENGU USDT Sell Alert: Is This a Red Flag or Simply a Market Adjustment?
- PENGU USDT's sell signal highlights concerns over structural risks in stablecoin-backed crypto strategies amid volatility and regulatory shifts. - The token's 28.5% decline since October 27, coupled with weak technical indicators, reflects broader fragility in algorithmic stablecoins and leveraged positions. - Growing institutional adoption of asset-backed alternatives like USDC contrasts with PENGU's speculative NFT-driven model, which lacks robust collateral or compliance. - While Fed policy easing may
Trending news
MoreCrypto prices
More
