BlockBeats news, on August 21, according to The Block, MetaMask officially launched its native stablecoin MetaMask USD (mUSD).
MetaMask announced on Thursday that mUSD will be issued by Bridge, a stablecoin issuance platform under Stripe, and minted through M0's decentralized infrastructure. In addition, mUSD will be fully backed 1:1 by 'high-quality, highly liquid dollar-equivalent assets' and will achieve real-time transparency and cross-chain composability through M0's liquidity network.