COINOTAG News reports that on November 25, MegaETH confirmed via a tweet that the USDm deposit channel will open at 22:00 Beijing time. The accompanying site launch is scheduled roughly one hour earlier to support Sonar verification, with a maximum cap of $250 million in deposits. Eligible participants will receive USDm tokens on the MegaETH mainnet later in December.
In a prior update, MegaETH disclosed a deposit bridge that enables cross-chain exchange of Ethereum USDC into Mega mainnet USDm, with activity commencing on November 25. The bridge is designed to improve liquidity routing for users moving assets onto the Mega mainnet.
This move underscores MegaETH‘s focus on on-chain liquidity, linking Ethereum USDC with its USDm instrument on the mainnet and supporting transparent onboarding through Sonar verification and defined deposit caps.
Source: https://en.coinotag.com/breakingnews/megaeth-opens-usdm-deposit-channel-with-250m-cap-and-activates-ethereum-usdc-cross-chain-bridge-on-mega-mainnet
