Ethereum Wallet Metamask Will Likely Unveil Its Own Stablecoin This Week

The Metamask Stablecoin (Musd) Was Already Reported to Be in the Works Thanks to A Prematurely Posted Governance Proposal That Was Quickly Deleted Last Week. After this weeks’ potential Announcement, The New Dollar-PEGGED TOKEN WILL BECOME A LIVE Asset at the End of this month, The Person Said.

Metamask, Which Has SAID IT HAS Over 30 Million Active Monthly USers, Is Working to Issue Its Stablecoin with The Help of Bridge, A FIRM THAT WAS ACQUQUID BYTECH BYTECH BYTECH STRIPE Integrate Stablecoin Payment Rails, and Stablecoin Issuance Protocol M^0.

As Well As Working Closely with Bridge on the Musd Stablecoin, Metamask Has Also Enlisted the Help of Traditional Finance Alternative Asset Manager Blacksstone to Assist Wich Token, The Person Said.

Metamask and m^0 Declined to Comment. Blacksstone and Bridge Did Not ImmediaTely Respond to Requests for Comment.

Like Several Other Large Crypto Platforms that Hold Significant Amounts of User Funds in the Form of Majoor Stablecoins Like Tether’s USDT and CIRCLE’S USDC Stablecoin is Driven by the Opportunity to Share in the Yield of Underlying Stablecoin Assets, Usually Short-Term, Highly Liquid Bonds Such As US Treasuries.