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The Future OEMs of Trillion-Dollar Stablecoins
Written by: Sleepy, BlockBeats
One of the largest online payment infrastructures, Stripe, has launched the stablecoin issuance platform Bridge, which issues the native stablecoin MetaMask USD (mUSD) for the wallet application MetaMask, boasting over 30 million crypto users.
Bridge is responsible for the entire issuance process from reserve custody and compliance audits to smart contract deployment, while MetaMask focuses on refining the front-end product interface and user experience.
This collaborative model is one of the most representative trends in the current stablecoin industry, with an increasing number of brands choosing to outsource the complex issuance process of stablecoins to professional 'OEMs,' just as Apple outsources the production of iPhones to Foxconn.
One of the largest online payment infrastructures, Stripe, has launched the stablecoin issuance platform Bridge, which issues the native stablecoin MetaMask USD (mUSD) for the wallet application MetaMask, boasting over 30 million crypto users.
Bridge is responsible for the entire issuance process from reserve custody and compliance audits to smart contract deployment, while MetaMask focuses on refining the front-end product interface and user experience.
This collaborative model is one of the most representative trends in the current stablecoin industry, with an increasing number of brands choosing to outsource the complex issuance process of stablecoins to professional 'OEMs,' just as Apple outsources the production of iPhones to Foxconn.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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