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MetaMask Set to Launch Dollar-Pegged mUSD Stablecoin This Week
MetaMask Set to Launch Dollar-Pegged mUSD Stablecoin This Week
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BTCCSquare news:
MetaMask is poised to disrupt the stablecoin market with the imminent launch of its dollar-pegged mUSD token. The rollout, expected to begin this week, marks a strategic pivot for the wallet provider as it challenges incumbents like Tether and Circle.
The mUSD stablecoin will capture yield from reserve assets such as short-term U.S. Treasuries—revenue streams currently retained by major issuers. This move signals MetaMask's evolution from a simple crypto wallet to a comprehensive financial platform.
Partnerships with Stripe and Blackstone underscore the project's institutional ambitions. The launch comes amid growing demand for yield-bearing stablecoins as crypto wallets increasingly compete with traditional fintech services.
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