Crypto Wallet MetaMask Announces Plans To Launch a Native Stablecoin on Ethereum This Year
The popular Ethereum (ETH)-focused crypto wallet MetaMask is announcing plans to launch its very own stablecoin. In a new thread on X, MetaMask announces that, in collaboration with the payments platform Stripe and the stablecoin minter M0, it will launch MetaMask USD (mUSD) sometime later this year, although a specific date was not provided. This marks the first time a crypto wallet has rolled out its own dollar-pegged crypto asset. “Today, we’re announcing MetaMask USD (mUSD) – MetaMask’s native stablecoin. MetaMask is the first self custodial wallet to launch a stablecoin, and we have big plans for it. Built with Bridge, a Stripe company, and M0, a stablecoin platform, MetaMask USD will be a very important part of MetaMask. MetaMask USD will support on-ramps, swaps, and bridging, offer a dollar-denominated experience for holding, spending, and transacting, and soon be spendable via the MetaMask card at millions of Mastercard merchants.”...