Ethereum Wallet MetaMask Will Likely Unveil Its Own Stablecoin this Week
Main Idea
MetaMask, an Ethereum wallet with over 30 million active monthly users, is likely to unveil its own stablecoin (mUSD) this week, developed in collaboration with Bridge and M^0.
Key Points
1. MetaMask is expected to reveal details of its custom stablecoin (mUSD) soon, as reported by a source familiar with the matter.
2. The stablecoin is being developed with the assistance of Bridge, a firm specializing in stablecoin payment rails, and stablecoin issuance protocol M^0.
3. MetaMask has over 30 million active monthly users, indicating significant potential adoption for its stablecoin.
4. The announcement follows a deleted proposal last week, suggesting ongoing preparations for the stablecoin launch.
Description
MetaMask, the cryptocurrency wallet that grew to popularity within the Ethereum blockchain ecosystem, is likely to unveil details of its own custom U.S. dollar-pegged stablecoin shortly, potentially as soon as this week, according to a person familiar with the matter. The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a prematurely posted governance proposal that was quickly deleted last week. After this week's potential announcement, the new dollar-pegged token wil...
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