MetaMask Launches mUSD Stablecoin, Ethereum Price Stabilizes at $4,495

MetaMask Launches mUSD Stablecoin

MetaMask, Ethereum's largest wallet provider, launched its native stablecoin MetaMask USD (mUSD) on September 15.
The launch helped stabilize Ethereum's price around $4,495 despite a prior 3% intraday decline.
mUSD offers liquidity incentives on Linea and integrates with MetaMask's Swap and Bridge functions.
mUSD will be available globally through the MetaMask Card at over 150 million merchants.
This move aligns Ethereum with the increasing adoption of stablecoins within the US corporate sector.

Bitmine Increases Ethereum Holdings

Bitmine acquired 82,233 ETH, raising its total holdings to 2.15 million ETH, valued at $9.74 billion.
The company's crypto Net Asset Value (NAV) is now $10.31 billion, indicating strong confidence in Ethereum.

Ethereum Price Analysis

Ethereum's technical setup indicates consolidation rather than capitulation despite an intraday decline.
$98 million in ETH long positions were liquidated against $20 million in short positions.
ETH futures trading volume increased by 63.39% to $90.65 billion.
Technical indicators show support near $4,399 and resistance near $4,584, with potential for bullish dominance above $4,585.
A drop below $4,398 could lead to a decline towards $4,200.

Best Wallet Presale

Best Wallet presale has raised over $15.8 million, driven by demand for secure multi-chain storage solutions.
Investors are moving from stagnating altcoins to projects with higher upside potential.