Metamask, the popular Crypto -Tevebog Developed by Consensys, confirmed Thursday that it will debut its proprietary US dollar -tooken (MUSD) Later in the year with the flowering stableecoin market.
“Metamask USD is a critical step in bringing the world on-chain,” Gal Eldar, product leader in Metamask, said in a blog post.
StableCOins, a type of cryptocurrencies linked to external assets like the US dollar, has grown to a $ 250 billion market, often touted as a faster, cheaper option for international payments. Interest in the sector has been accelerated since US President Donald Trump signed brilliant action in the law and set new federal standards for stableecoin issuers.
Metamask’s stableecoin project was already known to be in the works due to a premature government proposal earlier this month. In the official message, the company said the MUSD -Tokenet will first be launched at Ethereum
and Consensys-Developed LAG-2 Network Line and closely integrated into the app and services.
Users will be able to ramp Fiat, switch between tokens and move value over blockchains, where stableecoin later became useful through the Metamask card on MasterCard merchants around the world. Additional plans include expansion tool across decentralized financing (Defi) and payments.
The token is issued by US-Licensed Distributor Bridge, now part of Payment’s Giant Stripe, and supported by StableCOin platform M0’s blockchain infrastructure.
“With Metamask USD, users can bring their money to chain, get them going, use them almost everywhere and use them as money to be used,” Eldar said. “It will allow us to cut through some of the most stubborn barriers in web3 and reduce both friction and costs for people boarding directly in a self -defense wallet.”
Custom StableCOin issuing
Metamasks StableCOin is the first example of the partnership between M0 and Bridge to help companies roll out digital dollars.
The two companies said on Thursday that the partnership combines Bridge’s expertise in legislative and reserve management with M0’s blockchain infrastructure designed for application-specific stablecoins.
The idea of application -specific stableecoins has won traction as the digital dollars market is blooming with improving legislative clarity. Payment applications, Crypto -cartoons or defi protocols can create their own branded dollar token, while outsourcing compliance, reserves and infrastructure for providers.
For example, Paxo’s Paypal’s Pyusd token emits, while Bitgo is behind the Trump-affiliated Defi Protocol World Liberty Financials USD 1. Earlier this month, US Fintech Slash launched its own stableecoin with Bridge.
Metamask, which collaborates with M0 and Bridge, can offer a built -in digital dollar for its users without managing the complex work on issuing, compliance and tech plumbing.
Zach Abrams, co-founder and CEO of Bridge, said they reduced the development time of custom stableecoin issuing from “More than a year of complex integrations” to “a matter of weeks. This means apps like Metamask” can realize benefits faster and effectively than ever before. “
With the partnership, M0 and Bridge are now seeking to repeat the work on Metamask’s token for more issuers.
“Applications want to control their dollar infrastructure,” M0 founder and CEO Luca Prosperi said in an interview with Coindesk. “What is important is that they don’t have to build it themselves.”
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Update (August 21, 12:30 UTC): Adds Metamask’s official stableecoin message, updates the headline and lead.
