Article Author: Lesley
Source: MetaEra
Core view
• Stablecoins will not be a 'temporary product', but an important part of the long-term order of future digital assets, serving as a bridge between the traditional financial system and the blockchain world.
• The next wave of growth will come from stablecoin treasury strategies, primarily due to the characteristics of stablecoins such as 'low volatility, high compliance space, and strong combinability'.
• We believe that 'compliance allocation + public revenue' is not only a manifestation of corporate responsibility but also a long-term commitment to capital markets and investor confidence.
The Web 3.0 strategy and layout of listed companies have become increasingly hot topics of public concern. Against this backdrop, MetaEra officially launched the 'High-end Dialogue' series of interviews with executives of cryptocurrency concept stocks. We will converse with those corporate leaders who dare to take the lead in the wave of digital transformation, exploring their strategic layouts, business innovations, and financial innovations from the first-person perspective of decision-makers, providing forward-looking insights for industry participants.
U.S. listed company Mega Matrix Inc. (NYSE: MPU) announced on July 25 that it has completed a $16 million private placement financing for stablecoin and governance token asset allocation, marking Mega Matrix Inc.'s official entry into the core field of on-chain finance. This financing has gathered support from multiple cryptocurrency funds and industry leaders, reflecting the market's high recognition of this traditional listed company's digital transformation path.
Mega Matrix Inc.
From building the content ecosystem of the short drama streaming platform FlexTV to the current stablecoin asset allocation—Mega Matrix Inc.'s layout reflects a clear strategic plan in its embrace of digital asset transformation.
'This private placement financing is a key step in our strategic upgrade,' said Chief Strategy Officer Jia Songtao in an interview with MetaEra. 'Mega Matrix Inc. has shifted from a holding company centered on content platforms to a systematic on-chain financial layout, particularly focusing on stablecoin treasury strategies.'
In this interview, we spoke with Mega Matrix Inc.'s Chief Strategy Officer Jia Songtao, focusing on why the company chose to use stablecoins as an entry point to systematically step into on-chain finance and digital asset allocation.
Why does Mega Matrix Inc. firmly bet on the stablecoin asset allocation track?
According to the announcement, Mega Matrix Inc.'s $16 million private placement financing will mainly be used for building the stablecoin asset allocation system and designing on-chain revenue mechanisms, focusing on developing financial strategies related to stablecoins and governance tokens. This decision is not a spur-of-the-moment decision.
'We have studied this direction for a long time and visited many institutions and protocols before finally landing it,' Jia Songtao admitted. 'The market feedback for this strategic transformation is very positive; investors not only recognize Mega Matrix's execution capabilities but are also very confident in the stablecoin industry's prospects.'
Stablecoins are on the eve of an explosion
Before explaining the specific strategic logic, Jia Songtao first elaborated on his judgment about the future of the stablecoin industry from a macro perspective.
'I believe that the future digital asset world will be built on three core infrastructures: public chains, stablecoins, and custody systems.' Within this framework, stablecoins will assume the composite functions of 'asset anchoring + revenue carrying + settlement vehicle,' becoming the asset form closest to 'digital dollars.'
This judgment is based on a deep observation of global digital asset development trends. From the accelerated advancement of central bank digital currencies (CBDC) to traditional financial institutions' acceptance of digital assets, to the Web 3.0 ecosystem's reliance on stablecoins as foundational liquidity, stablecoins are moving from the margins of the world to the center.
'We see that more and more sovereign countries, traditional financial institutions, and Web 3.0 projects are starting to regard stablecoins as part of the underlying liquidity structure.' Jia Songtao pointed out that from this perspective, stablecoins will not be a 'temporary product' but a crucial part of the long-term order of future digital assets.
More crucially, the gradual clarification of the regulatory environment is injecting unprecedented certainty into the stablecoin industry. The recently passed GENIUS Act (commonly known as the 'Genius Act') in the United States has opened a clear channel for stablecoin legislation, the MiCA regulatory framework in Europe has come into effect, and regions such as Hong Kong and Singapore are also accelerating the construction of their own stablecoin regulatory frameworks.
Changes in total market value of stablecoins, Source: DeFiLlama
According to industry statistics, the global market value of stablecoins has surged from about $5 billion at the beginning of 2020 to over $260 billion currently, an increase of more than 50 times. With the improvement of the regulatory system and the expansion of practical application scenarios, this figure continues to rise rapidly.
'The entire stablecoin industry is moving from the gray zone towards institutionalization; this is the eve of an explosion,' Jia Songtao judged.
The core logic of stablecoin asset allocation
Based on the judgment of the stablecoin industry's development prospects, Mega Matrix Inc. further chose 'stablecoin asset allocation' as the entry point for its digital strategic transformation. Jia Songtao pointed out that this choice stems from a deep reflection on the digitalization trend of corporate financial structures.
Stablecoins take the world stage
'Stablecoin asset allocation actually corresponds to a broader concept—treasury strategy. From the practice of market pioneers, different types of digital assets are forming their own treasury strategies,' Jia Songtao introduced. 'Companies like Strategy (NASDAQ: MSTR) adopt a Bitcoin treasury strategy, positioning Bitcoin as a long-term core asset allocation on the company's balance sheet.' Strategy uses the value storage function of 'digital gold' to combat inflation risks, bringing significant accounting gains and prompting other listed companies to follow suit.
'Now we are also seeing more and more companies adopting Ethereum-based treasury strategies, with representative companies including SharpLink Gaming (NASDAQ: SBET),' Jia Songtao added. These companies leverage Ethereum's strong ecological interactivity and smart contract combinability to form a new liquidity infrastructure.
However, in his judgment, the next wave of growth will come from stablecoin treasury strategies. The core logic of this judgment lies in the unique advantages of stablecoins:
• Low volatility: Compared to the high volatility of Bitcoin and Ethereum, stablecoins can provide companies with a relatively stable value basis, reducing financial risks.
• Large compliance space: In the current regulatory environment, stablecoins have clearer compliance paths compared to other crypto assets and are more easily accepted by traditional financial institutions and regulatory bodies.
• Strong combinability: Stablecoins have very strong combinability, capable of generating real yields through various protocols. In the current interest rate environment, the on-chain revenue carried by high-quality stablecoins will become a scarce asset.
Jia Songtao particularly emphasized the advantage of 'combinability'. The low-interest-rate environment in traditional financial markets has made high-quality yield assets extremely precious, and the revenue generated by stablecoins through on-chain protocols fills this gap. 'Therefore, our allocation is not just the stablecoins themselves, but the on-chain income capabilities of stablecoins.'
The core of Mega Matrix Inc.'s strategy is not merely to hold stablecoins but to build a stablecoin asset allocation system capable of generating continuous revenue.
From the perspective of industry development, stablecoin asset allocation is becoming an important bridge connecting traditional finance and the DeFi world. For traditional listed companies like Mega Matrix Inc., this strategy not only signifies an upgrade in asset allocation under controllable risks but also represents a strategic initiative to actively embrace digital financial infrastructure.
How does Mega Matrix Inc. build its stablecoin asset layout?
After determining the strategic direction, how to translate concepts into executable business layouts has become a key challenge facing Mega Matrix Inc. The competition in the stablecoin track ultimately boils down to the ability to build an ecological network.
Cooperation layout: Deep binding with mainstream stablecoin platforms
When asked about specific cooperation progress, Jia Songtao revealed some important information, although due to commercial confidentiality, he could not disclose the names of specific partners.
'Currently, we are establishing deep cooperative relationships with several globally leading stablecoin issuers,' Jia Songtao stated. 'From a market capitalization perspective, the leading global stablecoins include USDT, USDC, USDe, DAI, etc. These stablecoins all have relatively high market liquidity.' The head effect in the stablecoin market is very evident, with the top stablecoins occupying the vast majority of market share and having relatively complete technical infrastructure and the broadest ecological support.
'It can be confirmed that we are in substantive cooperation discussions with at least two of the top five global stablecoin platforms,' Jia Songtao further revealed. 'The cooperation covers multiple directions including asset allocation and on-chain revenue integration.' Mega Matrix Inc.'s cooperation strategy is not simply asset purchasing but aims to build deeper business synergies. Asset allocation addresses the question of 'what to buy', while on-chain revenue integration involves the question of 'how to use'. This full-chain cooperation model is expected to bring more stable and sustainable sources of revenue to the company.
Market analysis: Competitive landscape of mainstream stablecoins
As a decision-maker in a company transitioning to stablecoin asset allocation, Jia Songtao has deep observations and unique insights into the characteristics and development prospects of current mainstream stablecoins. 'Based on current market values and industry consensus, the leading global stablecoins mainly include USDT, USDC, DAI, and USDe, each with its own characteristics, representing different development paths and ecological tendencies.'
USDT: Market leader but compliance remains unsolved
As a pioneer in the stablecoin market, USDT has long been at the top of global stablecoins due to its first-mover advantage, circulation volume, and cross-border payment scenarios, said Jia Songtao. However, its future fate will truly be determined by its compliance capabilities. 'Against the backdrop of gradual global stablecoin legislation, USDT still needs to make further responses in terms of compliance transparency.'
USDC: Clear compliance advantages, limited revenue capacity
In contrast, USDC performs outstandingly in terms of compliance. Jia Songtao stated, 'USDC is widely recognized by traditional financial institutions for its high compliance and audit transparency. The recently passed GENIUS Act in the United States can be said to be tailored for USDC, making it a key interface between traditional finance and blockchain finance.' However, aside from its compliance advantages, USDC also has significant functional limitations: 'It should be noted that USDC itself does not provide on-chain revenue to holders.'
USDe: Innovative revenue model supports its rapid rise
Regarding the rapidly rising USDe in recent years, Jia Songtao also gave special attention. 'USDe is one of the fastest-growing stablecoins in recent years, and the on-chain revenue mechanism sUSDe behind it offers new asset allocation possibilities.' With the rapid rise in market demand for 'yield-generating stablecoins', USDe's growth path presents a differentiated paradigm.
DAI: Representative of decentralized stablecoins
As a representative of decentralized stablecoins, DAI occupies a special position in Jia Songtao's analysis. 'DAI, as a representative of decentralized stablecoins, occupies a core position in the DeFi ecosystem and is suitable for forming strategic synergies with other decentralized protocols.'
From the above analysis, it can be seen that Mega Matrix Inc.'s considerations in choosing stablecoins are very comprehensive: it must consider market position and liquidity, as well as compliance and revenue capacity, and evaluate the possibility of ecological synergy. This multidimensional analytical framework provides clear guiding principles for the company's subsequent specific cooperation decisions.
Transparent disclosure: Building a new benchmark for Web 3.0 finance
As digital assets gradually become an important part of corporate financial allocation, how to achieve transparent disclosure within a compliance framework has become a core issue that traditional listed companies must face when entering the Web 3.0 field. As one of the early listed companies to enter this field, Mega Matrix Inc.'s exploration in financial disclosure and compliance mechanisms may provide important reference samples for the entire industry.
When asked whether stablecoin asset allocation revenue would be included in the financial reporting system, Jia Songtao stated that this is an issue the company takes very seriously and provided a clear and specific response.
'As a listed company, while promoting stablecoin asset allocation, Mega Matrix Inc. is also simultaneously building an auditable and disclosable financial record system,' Jia Songtao emphasized. The construction of this system is carried out in parallel with business development, ensuring compliance with the requirements of listed companies from the very beginning. 'We believe that 'compliance allocation + public revenue' is not only a manifestation of corporate responsibility but also a long-term commitment to capital markets and investor confidence,' Jia Songtao concluded.
The significance of this approach lies not only in meeting regulatory requirements but also in establishing an important precedent for the industry. Compared to many companies still exploring handling paths for digital asset accounting, Mega Matrix Inc.'s proactive approach is particularly valuable.
Summary: Traditional capital embraces the new paradigm of Web 3.0
At the juncture of digital assets moving toward institutionalization, Mega Matrix Inc.'s strategic transformation is not just a business restructuring but an active attempt by a listed company to redefine its role boundaries between capital, compliance, and technology. It has not chosen the loudest concepts, but has integrated Web 3.0 into the backbone of corporate treasury, gradually establishing a controllable, auditable, and income-generating stablecoin asset system.
For many enterprises in traditional industries, this may provide a realistic and replicable paradigm—not 'All in Crypto', but 'All in Strategy'. Mega Matrix Inc.'s choice is not an isolated case, but may indicate a trend: more and more enterprises are moving towards an era of stable returns, transparent structures, and the systematic integration of on-chain financial tools.
In the new order of Web 3.0, only those who take the lead can seize the starting line of competitive advantage.
Stablecoins are not the endpoint of an industry trend, but the starting point for a comprehensive reshaping of the financial underlying structure. Platforms that first complete the integration of institutional docking, revenue models, and on-chain allocation capabilities will become the backbone of the future digital financial ecosystem. Mega Matrix is taking the lead in this deep transformation, having completed the initial deployment of strategic positioning and resource allocation.
