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MetaMask may announce its own USD stablecoin mUSD this week.
[MetaMask may announce its own USD stablecoin mUSD this week] According to informed sources, the well-known Ethereum ecosystem encryption wallet MetaMask plans to announce details of its USD-pegged stablecoin mUSD as early as this week, with an official launch expected by the end of this month. mUSD will be issued with the assistance of Bridge, a payment stablecoin service provider acquired by fintech giant Stripe this year, and the stablecoin issuance protocol M^0, while inviting alternative asset management company Blackstone to provide custody and fund management services. MetaMask has over 30 million monthly active users, and the issuance of the stablecoin aims to share the returns from high liquidity assets such as short-term US Treasury bonds.