MetaMask Is Set to Unveil Plans for New Stablecoin: Source
Main Idea
The article discusses various developments in the cryptocurrency and blockchain space, including MetaMask's new stablecoin initiative, JPMorgan's stablecoin expansion, and security issues like the Monero 51% attack and Russian hacking group activities.
Key Points
1. MetaMask is partnering with Stripe to introduce the mmUSD stablecoin as a main trading pair, leveraging a favorable U.S. regulatory environment.
2. JPMorgan Chase is expanding its stablecoin development despite CEO Jamie Dimon's skepticism about their utility in traditional banking.
3. A Russian hacking group has stolen over $1 million in crypto using fake MetaMask extensions and phishing websites.
4. AI protocol Qubic claimed a 51% attack on Monero, though the success of the attack was questioned by some.
5. The stablecoin market is projected to grow significantly, with predictions of reaching $750 billion by 2025.
Description
A screenshot of the proposal for the stablecoin circulated last week before it was deleted.
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