October 18, 2025
Mega Matrix files $2B shelf registration for Ethena stablecoin strategy

Mega Matrix files $2B shelf registration to buy Ethena’s ENA token, betting on stablecoin growth. USDe stablecoin climbs to $12.5B market cap, with $500M in revenue as adoption accelerates. Analysts warn of risks in yield-bearing digital assets, likening them to 2008-era CDO products. Mega Matrix, a publicly traded holding company with roots in short-form streaming…
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