MetaMask, known for its role in the cryptocurrency space, is preparing to launch its stablecoin mUSD, pegged to the US dollar. An official announcement is expected this week.
Details on mUSD Launch
According to sources, the stablecoin mUSD could be announced within days, with a potential launch as a live asset by the end of the month. The information about mUSD came to light after a governance proposal was accidentally posted and quickly taken down.
MetaMask Partnerships for Project Advancement
MetaMask is working with several companies to bring the project to life. Specifically, the payments firm Bridge, acquired by Stripe, is helping to integrate systems for sending and receiving payments using mUSD. Additionally, MetaMask is partnering with M^0, a stablecoin protocol, to handle the issuance process, while Blackstone is expected to provide asset management and treasury services for the token.
Benefits of mUSD for Users
The launch of a stablecoin will position MetaMask alongside other major crypto platforms that maintain significant reserves in well-known stablecoins like USDT and USDC. It is expected to create new options for users while enhancing the speed and convenience of transactions. "The goal is to make transactions easier and faster for users while building something sustainable for the long term," the source stated.
If the timeline holds, crypto users may see mUSD in action in the coming weeks, marking a significant step for one of the most popular wallets in the Ethereum ecosystem.
