MetaMask to Launch Its Own Stablecoin – mUSD
MetaMask, the popular Ethereum wallet with 30M+ monthly users, is planning to release a new U.S. dollar-backed stablecoin called mUSD this month.
The coin will be built with help from Bridge (now owned by Stripe) and stablecoin protocol M^0.
Blackstone will manage the money that backs mUSD, using U.S. Treasury assets.
Why it matters: MetaMask wants to earn yield from the Treasury bonds backing the coin—just like other big stablecoins do.
The stablecoin market is booming, especially after the GENIUS Act clarified U.S. rules.
Right now, dollar-linked tokens total $280B. That could hit $750B by 2026 as banks like JPMorgan and Bank of America join in.
