Reported 3 days ago
MetaMask has unveiled its first-ever stablecoin, mUSD, designed for seamless integration within its DeFi ecosystem, allowing easy conversion between self-custodial cryptocurrencies and dollar-pegged tokens. Scheduled for launch later this year on Ethereum and the Linea blockchain, mUSD will be backed one-to-one by dollar equivalent assets. Additionally, MetaMask plans to enable mUSD as a payment method for its debit card powered by Mastercard. The company aims to provide a smooth user experience and competitive advantages over other stablecoin issuers.
Source: YAHOO