In brief
- MetaMask has announced the launch of a native stablecoin, mUSD, issued by Stripe subsidiary Bridge and fully backed by dollar-equivalent assets.
- The stablecoin will be integrated throughout the MetaMask ecosystem, launching first on Ethereum and Linea, and will later be enabled as a payment option for the Mastercard-powered MetaMask debit card.
- MetaMask leadership says it aims for mUSD to become a core liquidity layer not just for all MetaMask users, but across DeFi, thanks to the wallet’s baked-in advantages with crypto users.
MetaMask officially unveiled its native stablecoin Wednesday, the first of its kind launched by a self-custodial wallet.
The token, dubbed mUSD, will be fully integrated with the MetaMask DeFi ecosystem, and will allow users of the dominant Ethereum wallet to easily on- and off-ramp self-custodied cryptocurrencies into dollar-pegged tokens.
The stablecoin will be issued by Bridge, a Stripe company, and one-to-one backed by dollar equivalent assets in compliance with the recently passed
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Author: Sander Lutz
