MegaETH to launch USDC pre-deposits bridge with $250M cap for USDM

Key Takeaways

• MegaETH is launching a USDC bridge with a $250 million cap to facilitate USDM deposits.
• Users who deposit USDC will receive a 1:1 USDM allocation and qualify for a rewards campaign.

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MegaETH today announced the launch of a USDC bridge with a $250 million cap. The bridge will enable users to deposit USDC from Ethereum mainnet and receive USDM in return.

As part of the campaign, users will receive an allocation of USDM based on the amount of USDC they deposit. Participants will also be included in MegaETH’s rewards campaign, earning points tied to their deposit activity.

The bridge opens on Tuesday, November 25, and remains active until the $250 million cap is reached or just before the MegaETH mainnet launch. Deposits operate on a first-come, first-served basis, and while individual contributions are uncapped, each participant must register with a single KYC-verified wallet tied to the $MEGA public sale on Sonar.

Only USDC on Ethereum mainnet is eligible for deposit, and funds cannot be withdrawn once committed. On MegaETH mainnet day 1, depositors will receive USDM at a 1:1 ratio directly to their verified wallet, with no restrictions or lockups.