MegaETH Foundation launches MEGA token repurchase program

The MegaETH Foundation announced the launch of the MEGA Token Repurchase Program and completed its first repurchase on May 7th, with funding sourced from the cumulative net proceeds of the USDm issuer as of the end of April. According to the official statement, the current supply of USDm is approximately $480 million, and future repurchases will be executed through programmatic mechanisms as much as possible. The size of each period's funds will be affected by changes in USDm supply and underlying reserve asset returns, and it is emphasized that USDm is not issued or operated by the MegaETH Foundation or MegaLabs.