📶◀️Mega Matrix will retain ENA tokens as part of its treasury strategy⏏️◀️
⚪Mega Matrix (listed on the New York Stock Exchange under the symbol🟰: MPU) announced a new strategy for managing digital assets (DAT)🔺, focusing on stablecoin governance tokens🔻, with the adoption of the ENA token from Ethena as a primary reserve asset.🔺 The company clarified that this approach aims to give it an effective role in stablecoin governance🔻, while enhancing its position in the growing stablecoin sector.✔️📈
⚪Ethena is a protocol on Ethereum that issues USDe. The ENA token is used for governance and incentives within the protocol.🔺 USDe has become the third largest stablecoin by trading volume🔺, after Tether and Circle🔺, surpassing $10 billion in volume within 500 days.🔹 This growth has been supported by its decentralized finance (DeFi) model and yield mechanisms.🔺 Mega Matrix plans to purchase ENA tokens as part of its DAT program, depending on market conditions.✔️📈
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