USDm activity shows a clear upward trend on MegaETH network post-launch.

Integrated USDM as denomination for GMX GLV vaults on MegaETH mainnet.

Added Bungee Exchange as a bridging option for USDM alongside existing LiFi integration, enabling users to compare routes and spreads.

USDM featured in Unchained podcast discussion as MegaETH's strategic advantage during their launch.

USDm reached $131M in total circulating supply across all white label stablecoins (jupUSD, USDm, and suiUSDe) collectively as of February 12, 2026.

Integrated with PrismFi on MegaETH, where USDM is used in a WETH/USDM pool offering 100% APR.

Dashboards went live on 2026-02-09.

Integrated with gTrade (GainsNetwork) as collateral for perpetual futures trading on MegaETH mainnet, supporting 280+ markets with up to 1000x leverage and a gUSDM vault holding $400k in downside protection. Also integrated as the quote asset in a GNS/USDM liquidity pool on Kumbaya for buyback and burn.

USDm is integrated into Cross-Chain Fast Swaps with Aori on megaETH through Stargate.

MEGA token generation event triggers 7 days after any of three KPIs: $500M 30-day USDM supply, 10 apps launched, or 3 apps earning $50K daily fees for 30 days. Referenced $500M USDM as a metric threshold only 21 chains surpassed in stablecoin market cap.

Added USDm to Carbon DeFi liquidity pools (USDm/USDGLO and CELO/USDGLO) on Celo network, with daily rewards distributed via Merkl.

Included in Grayscale's Assets Under Consideration list for Q1 2026.

Integrates USDm into Avon's MegaVault Bootstrapping Program on MegaETH for yield-generating deposits and liquidity provision, issuing USDmY yield-bearing tokens.

NBX CEO publicly states USDM on Cardano is the best stablecoin in crypto.

Redstone DeFi Bolt chosen as oracle for USDM on MegaETH.

USDm refunds from the MegaETH pre-deposit program start being distributed to users' wallets.

The MegaETH team promises to return funds to depositors following what they describe as "sloppy" execution of the pre-deposit bridge.

USDm operates on Cardano blockchain and grows faster than USDT did in its early days on Ethereum.

Pre-market price for MEGA token remains stable around $0.32.

NBX CEO announces collaboration to build global cash on-ramp and off-ramp infrastructure for crypto.

Mainnet launch scheduled for the next few days.

The pre-deposit program undergoes a complete reset with all depositors receiving full refunds plus credit for their deposit time in a Rewards Campaign, with pre-deposits scheduled to re-open closer to Frontier opening.

MegaETH will airdrop 2.5% of its token supply to early supporters including USDm depositors, and yield from USDm flows to the MegaETH protocol rather than to stablecoin holders.

USDM is characterized as now-defunct in a discussion of tokenized treasury products in DeFi.

MegaETH ranks in the top 5 crypto chains for daily revenue with $500M of USDM pre-deposits, according to social media analysis. (ID: 1993390822419841448)

The deposit event reaches its initial cap in 2 minutes with a whale depositing $25M, and the multisig transaction executes 34 minutes ahead of schedule. Withdrawals become available after the team cancels the planned $1B cap and the $500M revised cap fills.

Deposit cap increased to $1B and later adjusted to $500M as the team manages high deposit demand for USDM on MegaETH.

The pre-deposit program is operational again after the technical issues that prevented deposits at launch.

Technical errors reported with MegaUSD pre-deposit and USDC deposit vaults, including frontend and Sonar integration issues.

The deposit website experiences technical issues at launch, with users unable to deposit through the website interface.

MegaUSD deposits go live with a $250M cap to seed USDM supply in the ecosystem.

Allocates 2.5% of $MEGA supply for incentive program starting in January, with early Frontier depositors receiving a multiplier. Plans mainnet deployment incentives, timing dependent on ecosystem maturity and integration completeness.

Pre-deposit bridge opens at exactly 9am EST on November 25th, with participation restricted to wallets holding a Sonar account and no withdrawal option available after depositing.

USDm is a stablecoin collaboration between Ethena and MegaETH, with BenchmarkFi building a liquidity engine for it.

USDM bridge on MegaETH opens Tuesday, with farming available for incentive season participants.

USDM becomes the leading stablecoin on Cardano.

Pre-deposit program launches Nov. 25 with $250M cap, restricted to users who completed KYC during previous MEGA token sale (excluding US, UK, China, Russia residents). Pre-depositors receive consideration for upcoming rewards campaign, with deposits in USDC on Ethereum locked until mainnet launch.

$MEGA token final allocation revealed with $2.3M in forfeited tokens being redistributed on top of current allocations, and unused USDT from pre-sale automatically refunded. Pre-depositors confirmed to be included in the Rewards Campaign for the MegaETH pre-deposit bridge.

Launched pre-deposit bridge on MegaETH Mega mainnet (Frontier), converting USDC to USDm with a $250M deposit cap. USDm bridges on Stargate at a 1:1 rate.

USDm goes live next week on MegaETH pre-deposit bridge, powered by Ethena Whitelabel and USDtb, with deposits capped at $250M and a rewards campaign for participants who deposit USDC to receive USDm.

Keom Protocol ends USDM support on Manta Pacific, with urgent withdrawal notice issued to users.

Visa adds USDM to its official Stablecoin Dashboard for tracking across multiple chains including HyperEVM, zkSync, and Aptos.

MegaETH labs announces more products coming beyond the USDm stablecoin integration.

Cap stablecoin from Mafia integrates on MegaETH as the premier yield-bearing stable, pairing with USDm which serves as the non-yield bearing option in the ecosystem.

Adopts USDm as native stablecoin, deploying Meridian protocol on MegaETH for gasless USDM transfers. USDm yield funds MEGA token buybacks, with USDm revenues from BlackRock's BUIDL fund routinely buying MEGA tokens from the market, forming MegaETH's "actual moat".

Acquisition by Anchorage leads to wUSDM discontinuation; urgent withdrawal notice issued.

Contango delists wUSDM instruments; urgent advisory for position closure due to liquidity risk.

RWA market on Arbitrum grows from $1M to $214M in one year, with protocol recognized as key contributor.

Offering borrowing of 1M USDC daily at 3.5% against USDM yielding 4.5% with 96.5% LLTV.