Hyperliquid Introduces 2Z Trading Pair with Up to 3x Leverage

Hyperliquid, a platform for trading digital assets, has introduced a new trading pair called 2Z, which offers up to 3x leverage. As of October 2nd, 2Z is valued at $0.79146 on the platform. This development aims to provide users with increased trading flexibility and potentially higher returns.

NYSE-listed firm Mega Matrix Inc. has announced a significant update to its Digital Asset Treasury (DAT) strategy, expanding its $2 billion treasury to include a broader range of stablecoins and governance tokens. This move marks one of the first instances of a U.S.-listed company adopting a multi-asset stablecoin framework under SEC-compliant structures Mega Matrix to Expand $2B Digital Asset Treasury into Multi-Stablecoin Framework^[1].

Diversification and Dual-Engine Approach

The company's treasury will now hold various stablecoins, including USDe, USDtb, and ENA from the Ethena ecosystem; USDH and HYPE from Hyperliquid; USDF and ASTER from Aster; and USDS and SKY from Sky Protocol. This "dual-engine" approach involves two segments: one allocated to low-risk DeFi activities such as staking and yield locking on platforms like Pendle, and another segment holding governance tokens for protocol-level decision-making and potential value growth Mega Matrix to Expand $2B Digital Asset Treasury into Multi-Stablecoin Framework^[1].

Stablecoins as a Growing Asset Class

Executive Vice President Colin Butler emphasized the growing importance of stablecoins, noting that the market is projected to reach $2 trillion by 2028. This shift away from a single-token strategy towards broader exposure across multiple digital asset networks reflects a broader corporate trend of experimenting with digital assets under regulated structures Mega Matrix to Expand $2B Digital Asset Treasury into Multi-Stablecoin Framework^[1].

Hyperliquid’s New Trading Pair

In a related development, Hyperliquid, a platform for trading digital assets, has introduced a new trading pair called 2Z, which offers up to 3x leverage. As of October 2nd, 2Z is valued at $0.79146 on the platform. This development aims to provide users with increased trading flexibility and potentially higher returns KuCoin Lists DoubleZero (2Z), A High-Performance Global Network for Validators^[2].

Corporate Adoption of Digital Assets

Mega Matrix’s move underscores the growing trend of public companies integrating digital assets into their treasury management strategies. By diversifying their portfolios with stablecoins and governance tokens, companies can achieve a mix of steady revenue and potential long-term returns Mega Matrix to Expand $2B Digital Asset Treasury into Multi-Stablecoin Framework^[1].

References

Mega Matrix to Expand $2B Digital Asset Treasury into Multi-Stablecoin Framework^[1] https://cryptonews.com/news/mega-matrix-expands-2b-multi-stablecoin-treasury/
KuCoin Lists DoubleZero (2Z), A High-Performance Global Network for Validators^[2] https://coinedition.com/kucoin-lists-doublezero-2z-usdt-trading-live-october-2/