COINOTAG News reports that MegaETH has launched a pre-deposit cross-chain bridge to facilitate the conversion of Ethereum-backed USDC into USDm on Mega’s mainnet. The facility is capped at $250 million and is slated to begin on November 25, reinforcing Mega’s interoperability strategy.
By enabling cross-chain transfers, the initiative aims to enhance liquidity and improve settlement efficiency for users moving stablecoins into the Mega mainnet, supporting broader ecosystem liquidity and operational resilience across connected networks.
Market participants should monitor the $250 million cap and rollout details as the bridge goes live, as the development could influence stablecoin flow and cross-chain dynamics within the crypto liquidity landscape.
Source: https://en.coinotag.com/breakingnews/megaeth-launches-pre-deposit-cross-chain-bridge-to-move-ethereum-usdc-to-mega-usdm-with-250m-cap-starting-november-25
