Odaily News MegaETH announced on platform X, "We have decided to refund all funds raised through the pre-deposit bridge. Due to careless execution, the expected goal of a 1:1 dollar exchange on the Mainnet with our deposit collateral does not align. The subsequent impacts of this decision include: 1. Depositors' contributions will not be forgotten. However, all communications must comply with compliance standards (i.e., “At this stage, we must adhere to best practices in information disclosure”), and the refund process requires a new smart contract, which is currently under audit. Refunds will be issued as soon as the audit is completed. 2. USDm is an important component of the MegaETH economy and will receive support from many Frontier applications. Therefore, we will reopen the USDC to USDM conversion bridge before the launch of the Frontier Mainnet to enhance liquidity and simplify the user sign-up process before the launch.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XMoney Integrates USDC on Hedera – a New Era for High-Performance Stablecoin Payments
As digital finance continues to evolve, the need for scalable, enterprise-grade infrastructure is more pressing than ever. To bridge traditional commerce and DeFi require not just innovation but also speed and stability. As part of xMoney’s (formerly Utrust and Twispay) ongoing commitment towards th
BlockChainReporter32m ago
OpenMind Robot Dog Bits completes machine-to-machine payments using USDC
Foresight News reports that Circle posted that OpenMind robot dog Bits uses USDC to complete machine-to-machine payments for charging.
GateNewsBot8h ago
Circle and OpenMind Launch AI-Driven On-Chain Payments in $USDC
Circle and OpenMind are partnering to launch independent AI transactions on-chain using $USDC. Their robot dog, Bits, exemplifies machine-to-machine nanopayments, highlighting the potential for autonomous commerce and the significance of trust in stablecoin transactions.
BlockChainReporter9h ago
Whale 0x9b3b Deposits Additional $500K USDC to Hyperliquid for WLFI Long Position
Gate News bot message, Whale 0x9b3b deposited another $500K USDC into Hyperliquid today to maintain long positions on $WLFI. The whale currently holds a long position of 42.47M $WLFI valued at $4.26M and is experiencing unrealized losses exceeding $1M.
GateNewsBot20h ago
Polygon Powers Instant USDC Tax Refunds at Italian Airports for 2026 Winter Olympics
During the 2026 Winter Olympics, travelers at airports in Milan, Rome, and Venice can receive instant VAT refunds in USDC on Polygon.
The rollout, supported by Global Blue and Shift4, speeds up digital refunds and accelerates cross-border settlement.
Polygon is powering instant
CryptoNewsFlash20h ago
Data: Polygon's daily USDC transaction volume hits a new all-time high, surpassing 12 million transactions
ChainCatcher News, Lisk research lead Leon Waidmann posted on X platform that Polygon's daily USDC transaction volume has hit a record high, exceeding 12 million transactions.
This data far surpasses other blockchain networks, with daily USDC transaction volumes on other chains remaining below 3 million transactions. Base, Arbitrum, and the Ethereum mainnet have lower transaction volume figures compared to Polygon.
GateNewsBot22h ago
