[USD Coin Crypto Crash Stable coin]
Jira Pliankharom
Mega Matrix (NYSE:MPU [https://seekingalpha.com/symbol/MPU]) filed for a $2 billion shelf registration with the US Securities and Exchange Commission (SEC) on Thursday to fund its new digital asset treasury (DAT [https://seekingalpha.com/symbol/DAT]) strategy.
The company aims to accumulate stablecoin governance tokens, especially Ethena’s ENA token, “to build the largest stablecoin governance token DAT company”.
“By building strategic positions, MPU gains both financial upside and a seat at the table where the future of money is being coded," the company added in its press release.
USDe, developed by Ethena, is supported by a combination of staked assets and liquid stablecoins like USDC and USDT, while its dollar peg is preserved through automated hedging in perpetual and futures markets, as per AInvest.
The move highlights the company’s pivot toward blockchain-driven financial solutions, with a particular focus on USDe- a delta-neutral
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* Financial information for Mega Matrix [https://seekingalpha.com/symbol/MPU/income-statement]
Mega Matrix files $2B shelf for Ethena stablecoin token push
Published 2 months ago
Sep 4, 2025 at 5:51 PM
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