The MegaETH Foundation has announced the launch of the MEGA token buyback program, with the first buyback completed on May 7, funded by the cumulative net earnings of USDm issuers as of the end of April. The official statement notes that the current USDm supply is approximately $480 million, and future buybacks will aim to be executed through automated mechanisms, with the funding amount for each round subject to changes in USDm supply and the yield of underlying reserve assets. The statement also emphasizes that USDm is not issued or operated by the MegaETH Foundation or MegaLabs.
MegaETH Foundation Launches MEGA Token Buyback Program
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Summary
The MegaETH Foundation announced a MEGA token buyback program, coinciding with the token’s launch and its first buyback on May 7, 2026. The buyback was funded by net profits from USDm issuance as of April 2026. The current USDm supply is approximately $480 million. Future buybacks will be executed through a programmatic mechanism, with funding levels tied to USDm supply and reserve returns. The foundation emphasized that USDm is not operated by MegaETH or MegaLabs. New token listings often attract attention, and this initiative further underscores ongoing activity surrounding MEGA.
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