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Mega Matrix announced the establishment of a treasury for stablecoin governance tokens primarily based on ENA.
Golden Finance reported that NYSE American-listed company Mega Matrix announced the establishment of a stablecoin governance token treasury reserve, which will use the Ethena governance token ENA as its primary strategic reserve asset. Ethena is a digital dollar protocol based on Ethereum, and the Ethena Foundation is the third largest stablecoin asset issuer in the world, following Tether and Circle, for the stablecoin USDe. ENA is the governance token of Ethena, used for Decentralization protocol governance and incentives, and Mega Matrix will allocate funds to purchase ENA tokens.