X @BREAD | ∑:

RT Decentralised.Co (@Decentralisedco)With USDm, MegaETH is borrowing a page from the Fed’s playbook of using seigniorage to cut costs for the US economy.What is seigniorage?Think of it this way: if it costs the U.S. Treasury just 5 cents to print a $1 bill, that leftover 95 cents is pure profit, known as seigniorage. Additionally, when central banks issue $100 of new money, they typically buy $100 worth of Treasuries. The interest earned on those Treasuries is also broadly seigniorage.This “profit” allows ...