The MegaETH Foundation has completed its first MEGA repurchase, with a current supply of approximately $480 million in USDm The MegaETH Foundation announced the official launch of the MEGA token repurchase program and completed its first MEGA repurchase on May 7th, using funds from all net income generated by the USDm issuer as of the end of April. The official statement states that the current supply of USDm is about $480 million, and future MEGA repurchases will be executed through a programmatic mechanism as much as possible, automatically running according to preset rules, rather than being operated by the foundation at its own discretion. The amount of funds available for repurchases in each subsequent period is not fixed and will be affected by changes in USDm supply and underlying reserve asset returns. At the same time, it is emphasized that USDm is not issued or operated by the MegaETH Foundation or MegaLabs.