MetaMask to launch stablecoin within the year… Partners with Stripe

JOON HYOUNG LEE

Summary

MetaMask announced that it will launch its own stablecoin, mUSD, by the end of this year.
mUSD will be issued via Stripe's Bridge platform and supported on Ethereum as well as MetaMask’s proprietary Layer 2 network, Linea.
Ajay Mittal, MetaMask Vice President of Product Strategy, stated that the collateral assets for mUSD are US dollars and short-term Treasury bonds, and said it will serve as the core digital dollar of the MetaMask ecosystem.

The cryptocurrency wallet company MetaMask is set to launch its own stablecoin.

According to The Block on the 21st (local time), MetaMask will launch its own stablecoin, mUSD, by the end of this year. mUSD will be issued through Bridge, the stablecoin issuance platform of the global payment company Stripe.

mUSD will be launched on both Ethereum (ETH) and Linea. Linea is MetaMask’s proprietary Layer 2 network.

Ajay Mittal, Vice President of Product Strategy at MetaMask, told The Block, "The collateral assets for mUSD are US dollars and short-term Treasury bonds," adding, "It will be positioned as the primary digital dollar across the entire MetaMask ecosystem."

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