MetaMask has announced the launch of its native stablecoin, mUSD, which will be available on the Ethereum and Linea blockchains later this year. The token, issued by Bridge, a Stripe subsidiary, will be fully backed by dollar-equivalent assets. MetaMask aims for mUSD to facilitate easy on- and off-ramping of cryptocurrencies to dollar-pegged tokens within its ecosystem, providing significant advantages over competitors. By integrating the stablecoin with the MetaMask platform, the company expects to enhance user experience through lower costs and smoother transactions. Additionally, mUSD will be available as a payment method on the upcoming MetaMask debit card powered by Mastercard, slated for release by year-end. Despite the regulatory landscape shaped by the recently passed GENIUS Act—limiting certain benefits for stablecoin issuers—MetaMask remains optimistic about mUSD's role in decentralized finance (DeFi) and its potential integration into future incentive programs. The launch of this stablecoin positions MetaMask among a growing number of entrants in the stablecoin space, as it seeks to leverage its existing user base of millions.

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