NYSE-listed company Mega Matrix has completed a $16 million private placement to enter the stablecoin race.

BlockBeats News, July 25th - Mega Matrix Inc., a NYSE-listed company (NYSE: MPU), announced today that it has completed a $16 million private placement financing to officially launch the strategic transformation of its stablecoin asset allocation platform. This move signifies the company's shift towards a more structured participation in the reshaping of the global digital financial infrastructure. The funding round attracted multiple blockchain-focused funds, reflecting the market's recognition of MPU's strategic transformation direction.