MegaETH to launch USDC pre-deposits bridge with $250M cap for USDM
Summary
MegaETH announced the launch of a USDC bridge with a $250 million cap to facilitate pre-deposits of its stablecoin, USDM. Users can deposit USDC from the Ethereum mainnet and receive an equivalent 1:1 allocation of USDM on MegaETH mainnet day one, with no restrictions or lockups. Participants will also earn points in MegaETH's rewards campaign based on their pre-deposit activity. The bridge opens on Tuesday, November 25, operating on a first-come, first-served basis until the cap is hit or just before the mainnet launch. Each participant must use a single KYC-verified wallet linked to the $MEGA public sale on Sonar, and deposited funds cannot be withdrawn.
(Source:Crypto Briefing)