MetaMask Expected to Announce U.S. Dollar-Pegged Stablecoin This Week
MetaMask is set to announce its own U.S. dollar-pegged stablecoin, mUSD, potentially this week. Key details include:
- The stablecoin's launch follows a deleted governance proposal.
- mUSD is expected to become a live asset by the end of this month.
- MetaMask collaborates with Bridge, acquired by Stripe, for stablecoin payment integration.
- Blackstone is assisting with custody and treasury management.
- MetaMask aims to leverage yield from underlying stablecoin assets.
MetaMask currently has over 30 million active monthly users.