MemCast
MemCast / episode / insight
#ecosystem4#stablecoin5#store-of-value2
USDM stablecoin recaptures yield for ecosystem
  • Partners with Athena to tokenize treasury yields
  • Rewards accrue to foundation rather than Circle/Tether
  • Used to buy back MEGA tokens
  • Creates circular economy vs traditional stablecoin 'value leaks'
Brett DiNoviEmpire00:41:17

Supporting quotes

Quote
00:41:17
“The dollars are bought into USDTB...the rewards that come from that are collected by the foundation...we've committed to purchasing the mega token with that value” — Brett DiNovi
Quote
00:50:42
“In Solana right now they're losing hundreds of millions of dollars a year out of the ecosystem to buy gold bars for Apollo” — Brett DiNovi

From this concept

The Stablecoin Value Capture Model

MegaETH's USDM stablecoin and proximity markets create novel economic loops that feed value back to the ecosystem rather than leaking to external parties.

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