The crypto pockets MetaMask has nnounced plans to launch its personal dollar-linked stablecoin, known as MetaMask USD (mUSD).
The stablecoin will likely be issued via Bridge, which is a part of Stripe, and can use M0’s platform to handle motion throughout networks.
mUSD will likely be constructed instantly into the MetaMask pockets, which supplies customers a simple method to make use of {dollars} on-chain for transfers, trades, and funds.
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It’ll first seem on Ethereum and Linea, Consensys’ Layer-2 community, later in 2025. Consensys expects mUSD to assist the expansion of Linea’s decentralized finance exercise as soon as launched.
The token will likely be absolutely backed with greenback reserves and tied into pockets options resembling swaps, bridging, and on-ramping. MetaMask can also be planning a cost card with Mastercard that can let individuals spend mUSD for normal purchases.
The concept is to make secure worth a built-in a part of the pockets slightly than a separate asset. For customers who maintain, commerce, lend, or pay via MetaMask, having a stablecoin contained in the app is supposed to take away additional steps.
Gal Eldar, product lead at MetaMask, mentioned the stablecoin is geared toward making Web3 simpler to enter and cheaper to make use of. In keeping with him, mUSD will reduce prices, simplify the primary steps for brand new customers, and permit individuals to ship cash on-chain, participate in DeFi, and in addition pay for on a regular basis items with the upcoming card.
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